Pool Co. (NASDAQ:POOL) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,208 shares of the specialty retailer’s stock after purchasing an additional 75 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Pool were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in POOL. JPMorgan Chase & Co. grew its stake in shares of Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after purchasing an additional 313,190 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Pool by 463.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock worth $85,686,000 after buying an additional 197,900 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after buying an additional 183,288 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Pool by 55.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 339,378 shares of the specialty retailer’s stock worth $120,852,000 after buying an additional 120,427 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Pool by 22.0% in the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after buying an additional 114,298 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on POOL shares. Oppenheimer boosted their price objective on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $397.80.

Insider Transactions at Pool

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

Pool Trading Up 0.3 %

NASDAQ:POOL traded up $1.17 on Friday, reaching $371.17. The stock had a trading volume of 437,342 shares, compared to its average volume of 372,053. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.58. The firm’s fifty day moving average is $392.78 and its two-hundred day moving average is $373.76. Pool Co. has a 12-month low of $307.77 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.46 earnings per share. Equities analysts expect that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool’s payout ratio is currently 34.43%.

About Pool

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.