Financial Counselors Inc. Sells 843 Shares of Pool Co. (NASDAQ:POOL)

Financial Counselors Inc. cut its holdings in shares of Pool Co. (NASDAQ:POOL) by 11.5% during the 4th quarter, Holdings Channel reports. 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in shares of Pool in the third quarter worth $202,000. Cerity Partners LLC lifted its holdings in Pool by 4.7% during the 3rd quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer’s stock worth $852,000 after buying an additional 101 shares during the period. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter valued at about $31,000. Townsquare Capital LLC grew its position in shares of Pool by 14.0% in the 3rd quarter. Townsquare Capital LLC now owns 30,793 shares of the specialty retailer’s stock valued at $11,603,000 after buying an additional 3,788 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of Pool by 7.0% in the third quarter. Glenmede Trust Co. NA now owns 1,118 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 73 shares during the period. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

POOL has been the topic of several analyst reports. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on shares of 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 analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Price Performance

Shares of NASDAQ POOL opened at $324.18 on Friday. The firm has a market capitalization of $12.20 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.03 and a beta of 1.05. The firm’s 50-day moving average price is $341.29 and its 200-day moving average price is $353.72. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 1-year low of $293.51 and a 1-year high of $410.60.

Pool (NASDAQ:POOL) last announced its quarterly 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. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Equities research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. 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 presently 42.55%.

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 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 directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.