Farther Finance Advisors LLC Sells 92 Shares of Pool Co. (NASDAQ:POOL)

Farther Finance Advisors LLC trimmed its stake in shares of Pool Co. (NASDAQ:POOL) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442 shares of the specialty retailer’s stock after selling 92 shares during the quarter. Farther Finance Advisors LLC’s holdings in Pool were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parnassus Investments LLC boosted its position in Pool by 3.5% during the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Pool by 816.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after purchasing an additional 36,403 shares during the period. L. Roy Papp & Associates LLP bought a new stake in shares of Pool in the fourth quarter valued at about $653,000. National Bank of Canada FI boosted its position in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after acquiring an additional 4,954 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Pool by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock valued at $98,093,000 after acquiring an additional 3,268 shares during the period. 98.99% of the stock is owned by institutional investors.

Pool Stock Up 2.0 %

POOL stock opened at $327.21 on Monday. The company has a market cap of $12.31 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The business has a 50-day simple moving average of $343.04 and a 200 day simple moving average of $355.21. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Sell-side analysts anticipate 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, March 12th. Pool’s payout ratio is 42.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on POOL shares. Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com cut shares of 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 given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $368.00.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

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.