Vontobel Holding Ltd. Sells 154 Shares of Pool Co. (NASDAQ:POOL)

Vontobel Holding Ltd. cut its holdings in Pool Co. (NASDAQ:POOL) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,144 shares of the specialty retailer’s stock after selling 154 shares during the period. Vontobel Holding Ltd.’s holdings in Pool were worth $855,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Clear Street Markets LLC raised its stake in shares of Pool by 94.9% during the first quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 37 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Pool during the fourth quarter valued at about $28,000. CVA Family Office LLC bought a new position in shares of Pool during the fourth quarter valued at about $34,000. Huntington National Bank raised its stake in shares of Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in shares of Pool during the third quarter valued at about $43,000. 98.99% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Pool Trading Down 0.5 %

NASDAQ:POOL opened at $361.13 on Monday. The company’s 50 day moving average price is $394.15 and its 200-day moving average price is $373.05. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.35 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts forecast that Pool Co. will post 13.3 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, March 13th. Pool’s payout ratio is 33.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on POOL. Oppenheimer upped their price objective on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price objective on shares of Pool in a research note on Tuesday, March 5th. Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and boosted their price target for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $397.80.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.