Symphony Financial Ltd. Co. acquired a new stake in Pool Co. (NASDAQ:POOL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,500 shares of the specialty retailer’s stock, valued at approximately $537,000.
Several other institutional investors and hedge funds also recently modified their holdings of POOL. Alliancebernstein L.P. grew its stake in shares of Pool by 2.3% in the fourth quarter. Alliancebernstein L.P. now owns 322,636 shares of the specialty retailer’s stock valued at $120,182,000 after buying an additional 7,195 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Pool by 63.0% during the fourth quarter. SG Americas Securities LLC now owns 18,284 shares of the specialty retailer’s stock valued at $6,811,000 after purchasing an additional 7,068 shares during the period. Fiera Capital Corp lifted its position in shares of Pool by 0.5% during the fourth quarter. Fiera Capital Corp now owns 92,454 shares of the specialty retailer’s stock worth $34,439,000 after purchasing an additional 490 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Pool in the fourth quarter valued at $187,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Pool by 44.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 150,745 shares of the specialty retailer’s stock valued at $56,153,000 after purchasing an additional 46,427 shares in the last quarter. Institutional investors own 90.62% of the company’s stock.
In related news, CEO Peter D. Arvan bought 500 shares of the business’s stock in a transaction dated Friday, March 5th. The shares were bought at an average cost of $316.03 per share, with a total value of $158,015.00. Following the completion of the transaction, the chief executive officer now directly owns 59,683 shares of the company’s stock, valued at $18,861,618.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.
NASDAQ:POOL opened at $382.21 on Monday. The firm has a market capitalization of $15.35 billion, a P/E ratio of 47.90 and a beta of 0.72. The business has a 50 day simple moving average of $344.99 and a 200 day simple moving average of $350.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.21 and a quick ratio of 0.94. Pool Co. has a 12-month low of $183.02 and a 12-month high of $401.29.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Wednesday, February 10th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.68. Pool had a net margin of 8.85% and a return on equity of 70.48%. The business had revenue of $839.26 million for the quarter, compared to analysts’ expectations of $709.02 million. Research analysts anticipate that Pool Co. will post 8.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were given a dividend of $0.58 per share. The ex-dividend date was Wednesday, March 10th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.61%. Pool’s dividend payout ratio (DPR) is presently 39.79%.
A number of research firms have weighed in on POOL. Jefferies Financial Group upped their price objective on shares of Pool from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Friday, January 15th. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating and set a $362.00 price objective for the company. in a research note on Wednesday, March 17th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $306.67.
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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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