Financial Counselors Inc. Has $2.22 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Financial Counselors Inc. trimmed its stake in Pool Co. (NASDAQ:POOL) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,515 shares of the specialty retailer’s stock after selling 843 shares during the quarter. Financial Counselors Inc.’s holdings in Pool were worth $2,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter valued at about $31,000. Atala Financial Inc acquired a new stake in Pool in the 4th quarter valued at about $29,000. Sierra Ocean LLC bought a new position in Pool during the fourth quarter worth about $30,000. Finally, Private Trust Co. NA increased its position in Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after buying an additional 60 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

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

Pool Stock Performance

Shares of NASDAQ:POOL opened at $324.18 on Friday. 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 Co. has a 12-month low of $293.51 and a 12-month high of $410.60. The company’s 50 day moving average price is $341.29 and its two-hundred day moving average price is $353.72. The firm has a market cap of $12.20 billion, a PE ratio of 28.74, a PEG ratio of 2.03 and a beta of 1.05.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $1.20 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.48%. Pool’s dividend payout ratio (DPR) is 42.55%.

Insider Transactions at Pool

In related 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 transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

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.