Sei Investments Co. Reduces Stock Position in Pool Co. (NASDAQ:POOL)

Sei Investments Co. decreased its stake in shares of Pool Co. (NASDAQ:POOL) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,495 shares of the specialty retailer’s stock after selling 443 shares during the quarter. Sei Investments Co. owned about 0.24% of Pool worth $31,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the period. L. Roy Papp & Associates LLP acquired a new stake in Pool during the fourth quarter worth about $653,000. National Bank of Canada FI raised its stake in Pool by 46.6% during the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after purchasing an additional 4,954 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Pool by 1.3% in the 3rd 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 purchasing an additional 3,268 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of Pool in the 4th quarter valued at approximately $272,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Down 0.1 %

NASDAQ:POOL opened at $325.63 on Wednesday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $415.05. The stock’s fifty day moving average is $342.43 and its two-hundred day moving average is $354.23. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. 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 earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $961.04 million. Research analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s payout ratio is 42.55%.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The stock was 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 approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

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

About Pool

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.