Ashton Thomas Private Wealth LLC Invests $412,000 in Pool Co. (NASDAQ:POOL)

Ashton Thomas Private Wealth LLC acquired a new position in shares of Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,208 shares of the specialty retailer’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also made changes to their positions in POOL. Brooklyn Investment Group purchased a new position in shares of Pool during the third quarter worth $31,000. Sierra Ocean LLC purchased a new position in shares of Pool during the fourth quarter worth $30,000. Private Trust Co. NA raised its holdings in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool during the third quarter worth $60,000. Finally, YANKCOM Partnership purchased a new position in shares of Pool during the fourth quarter worth $61,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on POOL shares. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $368.00.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Stock Down 0.1 %

POOL opened at $364.12 on Tuesday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $420.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The company has a fifty day moving average of $343.08 and a two-hundred day moving average of $355.74. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) 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. On average, research analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is 42.55%.

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.