Charles Schwab Investment Management Inc. Has $120.75 Million Position in Pool Co. (NASDAQ:POOL)

Charles Schwab Investment Management Inc. grew its position in shares of Pool Co. (NASDAQ:POOL) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 354,161 shares of the specialty retailer’s stock after purchasing an additional 6,344 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Pool were worth $120,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in POOL. Van ECK Associates Corp boosted its position in Pool by 10.5% during the 3rd quarter. Van ECK Associates Corp now owns 9,029 shares of the specialty retailer’s stock worth $3,166,000 after buying an additional 858 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Pool by 4.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,242 shares of the specialty retailer’s stock valued at $1,222,000 after acquiring an additional 130 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Pool during the third quarter valued at $248,000. Equitable Trust Co. lifted its holdings in shares of Pool by 24.6% during the third quarter. Equitable Trust Co. now owns 2,225 shares of the specialty retailer’s stock worth $838,000 after purchasing an additional 439 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Pool in the third quarter worth $736,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on POOL shares. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company cut their price objective 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. Two research 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’s stock. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Stock Up 2.0 %

Shares of Pool stock opened at $364.31 on Friday. The stock’s 50-day moving average is $343.08 and its 200 day moving average is $355.64. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping 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 company had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Equities research analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s dividend payout ratio is currently 42.55%.

Insider Activity

In other 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 stock was 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 owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.