Wellington Management Group LLP Has $355.44 Million Stock Position in Pool Co. (NASDAQ:POOL)

Wellington Management Group LLP boosted its stake in shares of Pool Co. (NASDAQ:POOL) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,514 shares of the specialty retailer’s stock after purchasing an additional 224,674 shares during the quarter. Wellington Management Group LLP’s holdings in Pool were worth $355,435,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares during the last quarter. Atala Financial Inc acquired a new position in Pool in the 4th quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Pool in the 4th quarter worth approximately $30,000. Private Trust Co. NA grew its holdings in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Pool in the third quarter valued at $60,000. 98.99% of the stock is owned by institutional investors.

Pool Trading Down 0.1 %

POOL stock opened at $318.13 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 2.03 and a beta of 1.05. The business has a fifty day moving average price of $339.95 and a 200 day moving average price of $353.40. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $402.45.

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

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a report on Tuesday. They issued a “hold” rating and a $344.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $365.33.

Insider Buying and Selling

In other news, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. The trade was a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate 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.