Whittier Trust Co. Sells 166 Shares of Pool Co. (NASDAQ:POOL)

Whittier Trust Co. reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351 shares of the specialty retailer’s stock after selling 166 shares during the quarter. Whittier Trust Co.’s holdings in Pool were worth $120,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Second Line Capital LLC grew its stake in shares of Pool by 4.8% in the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after purchasing 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 purchasing an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Pool by 0.8% in the third 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 grew its stake in shares of Pool by 0.3% in the fourth 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 during the last quarter. 98.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’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. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on POOL shares. Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Price Performance

POOL stock opened at $320.14 on Monday. The firm has a 50 day moving average price of $342.60 and a 200-day moving average price of $354.34. Pool Co. has a 52-week low of $293.51 and a 52-week high of $418.32. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Equities research analysts forecast that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. Pool’s payout ratio is 42.55%.

Pool Company 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.