Wells Fargo & Company MN Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

Wells Fargo & Company MN decreased its position in Pool Co. (NASDAQ:POOL) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 414,523 shares of the specialty retailer’s stock after selling 13,348 shares during the quarter. Wells Fargo & Company MN’s holdings in Pool were worth $141,327,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Second Line Capital LLC grew its stake in shares of Pool by 4.8% in the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after acquiring an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of Pool by 10.1% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 53 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Pool by 0.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after purchasing an additional 54 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Pool by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Pool Stock Up 0.4 %

Pool stock opened at $315.05 on Monday. Pool Co. has a one year low of $293.51 and a one year high of $402.45. The stock has a fifty day moving average of $336.70 and a 200 day moving average of $352.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a market cap of $11.88 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, sell-side analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. Pool’s dividend payout ratio (DPR) is 42.55%.

Analyst Ratings Changes

A number of research firms have weighed in on POOL. Wells Fargo & Company reduced their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price objective for the company. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $365.33.

About Pool

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.