Perennial Investment Advisors LLC Buys 63 Shares of Pool Co. (NASDAQ:POOL)

Perennial Investment Advisors LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,284 shares of the specialty retailer’s stock after buying an additional 63 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Pool were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of POOL. Rakuten Securities Inc. increased its holdings in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc acquired a new stake in Pool during the 4th quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Pool during the 4th quarter valued at $30,000. Private Trust Co. NA raised its position in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 60 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Pool during the third quarter worth $60,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research note on Tuesday, April 1st. They set a “hold” rating and a $344.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $365.33.

Insiders Place Their Bets

In related news, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

Shares of Pool stock opened at $315.05 on Friday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $402.45. 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 stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13. The firm has a fifty day moving average of $336.70 and a two-hundred day moving average of $352.37.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. As a group, equities research analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s payout ratio is presently 42.55%.

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; 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.