Pool Co. (NASDAQ:POOL) Shares Sold by Academy Capital Management

Academy Capital Management lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,481 shares of the specialty retailer’s stock after selling 168 shares during the period. Pool comprises about 1.0% of Academy Capital Management’s portfolio, making the stock its 17th largest holding. Academy Capital Management’s holdings in Pool were worth $5,960,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Pool in the 4th quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Pool in the third quarter valued at $31,000. Private Trust Co. NA lifted its holdings in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 60 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool in the third quarter worth $60,000. Finally, YANKCOM Partnership purchased a new position in shares of Pool during the fourth quarter valued at $61,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered 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 assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Price Performance

Shares of POOL opened at $341.29 on Wednesday. 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 firm has a market cap of $12.99 billion, a PE ratio of 30.26, a PEG ratio of 2.03 and a beta of 1.03. The firm’s 50 day moving average price is $342.92 and its 200 day moving average price is $355.61. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly 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. The business had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, research analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid 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 1.41%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

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.