Claraphi Advisory Network LLC trimmed its holdings in Pool Co. (NASDAQ:POOL) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539 shares of the specialty retailer’s stock after selling 229 shares during the quarter. Claraphi Advisory Network LLC’s holdings in Pool were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Twin Tree Management LP bought a new stake in Pool during the 3rd quarter valued at about $1,560,000. Great West Life Assurance Co. Can boosted its holdings in shares of Pool by 1.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 37,564 shares of the specialty retailer’s stock valued at $6,276,000 after acquiring an additional 642 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock worth $28,913,000 after buying an additional 110,457 shares during the last quarter. KDI Capital Partners LLC boosted its holdings in shares of Pool by 2.8% in the third quarter. KDI Capital Partners LLC now owns 40,294 shares of the specialty retailer’s stock worth $6,724,000 after buying an additional 1,110 shares during the last quarter. Finally, Bell Rock Capital LLC purchased a new position in shares of Pool in the third quarter worth approximately $1,796,000. Institutional investors own 93.33% of the company’s stock.
Get Pool alerts:A number of equities analysts recently issued reports on POOL shares. BidaskClub downgraded shares of Pool from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 11th. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a report on Wednesday, November 28th. Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $160.00 to $177.00 in a report on Friday, February 22nd. Finally, ValuEngine downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $160.25.
Shares of NASDAQ:POOL opened at $156.86 on Friday. The company has a current ratio of 2.99, a quick ratio of 0.79 and a debt-to-equity ratio of 2.94. Pool Co. has a 1-year low of $135.76 and a 1-year high of $175.87. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.09 and a beta of 0.92.
Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Pool had a net margin of 7.82% and a return on equity of 80.86%. The firm had revenue of $543.00 million for the quarter, compared to analysts’ expectations of $551.58 million. During the same period in the prior year, the firm earned $0.50 EPS. Pool’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 6.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, March 13th. Pool’s dividend payout ratio is currently 32.03%.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of Pool stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $161.02, for a total transaction of $459,068.02. Following the sale, the insider now owns 66,202 shares in the company, valued at $10,659,846.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 50,400 shares of Pool stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $160.51, for a total transaction of $8,089,704.00. Following the sale, the insider now owns 69,041 shares in the company, valued at approximately $11,081,770.91. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/4205880/claraphi-advisory-network-llc-decreases-position-in-pool-co-pool.html.Pool Profile
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
Further Reading: Price-Sales Ratio
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