Everpar Advisors LLC Takes $1.15 Million Position in Pool Co. (NASDAQ:POOL)

Everpar Advisors LLC acquired a new stake in shares of Pool Co. (NASDAQ:POOL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,893 shares of the specialty retailer’s stock, valued at approximately $1,153,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Pool by 2.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,725 shares of the specialty retailer’s stock worth $1,683,000 after buying an additional 93 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Pool by 138.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,235 shares of the specialty retailer’s stock valued at $1,152,000 after purchasing an additional 1,876 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Pool by 334.4% in the third quarter. Stratos Wealth Partners LTD. now owns 3,936 shares of the specialty retailer’s stock worth $1,402,000 after purchasing an additional 3,030 shares during the period. Forsta AP Fonden lifted its position in shares of Pool by 8.2% during the 3rd quarter. Forsta AP Fonden now owns 9,200 shares of the specialty retailer’s stock worth $3,276,000 after purchasing an additional 700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Pool by 5.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,590 shares of the specialty retailer’s stock valued at $2,347,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL stock traded down $6.86 during mid-day trading on Wednesday, reaching $365.82. The company’s stock had a trading volume of 272,091 shares, compared to its average volume of 335,594. The firm’s 50-day moving average is $389.87 and its two-hundred day moving average is $375.37. The company has a market cap of $14.02 billion, a P/E ratio of 29.16, a PEG ratio of 3.80 and a beta of 1.01. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 EPS. On average, research analysts predict that Pool Co. will post 13.02 earnings per share for the current year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, May 15th. Pool’s dividend payout ratio is 34.43%.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the transaction, the general counsel now directly owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on POOL shares. Oppenheimer dropped their price target on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Stifel Nicolaus cut their target price on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Finally, TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $391.80.

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.