Pool Co. (NASDAQ:POOL) Stake Boosted by King Luther Capital Management Corp

King Luther Capital Management Corp increased its position in shares of Pool Co. (NASDAQ:POOL) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,869 shares of the specialty retailer’s stock after acquiring an additional 1,367 shares during the period. King Luther Capital Management Corp owned about 0.07% of Pool worth $9,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of POOL. Empirical Finance LLC lifted its holdings in shares of Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock valued at $416,000 after buying an additional 39 shares during the last quarter. Second Line Capital LLC raised its position in Pool by 4.8% during the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its stake in Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 53 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in Pool by 0.8% in the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL opened at $343.56 on Wednesday. The stock’s 50 day simple moving average is $343.58 and its 200-day simple moving average is $355.86. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The stock has a market cap of $12.93 billion, a PE ratio of 30.46, a P/E/G ratio of 2.03 and a beta of 1.05. Pool Co. has a 1 year low of $293.51 and a 1 year high of $420.98.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating 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 analyst estimates of $961.04 million. Sell-side analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s 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 transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price 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. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and an average target price of $368.00.

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.