Forum Financial Management LP Makes New $212,000 Investment in Pool Co. (NASDAQ:POOL)

Forum Financial Management LP acquired a new stake in shares of Pool Co. (NASDAQ:POOL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 621 shares of the specialty retailer’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of POOL. CANADA LIFE ASSURANCE Co boosted its holdings in Pool by 2.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 26,991 shares of the specialty retailer’s stock valued at $9,201,000 after acquiring an additional 746 shares during the period. Canada Pension Plan Investment Board bought a new stake in Pool in the fourth quarter valued at approximately $68,000. Marshall Wace LLP boosted its stake in shares of Pool by 106.4% during the fourth quarter. Marshall Wace LLP now owns 11,081 shares of the specialty retailer’s stock valued at $3,778,000 after purchasing an additional 5,711 shares during the period. Regal Investment Advisors LLC raised its holdings in Pool by 15.9% during the 4th quarter. Regal Investment Advisors LLC now owns 1,080 shares of the specialty retailer’s stock valued at $368,000 after buying an additional 148 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in Pool by 49.3% during the 4th quarter. Jump Financial LLC now owns 1,287 shares of the specialty retailer’s stock valued at $439,000 after buying an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Up 3.4 %

Shares of NASDAQ:POOL opened at $306.68 on Wednesday. The firm has a market capitalization of $11.57 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.03 and a beta of 1.13. 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 50 day moving average price of $327.06 and a 200-day moving average price of $346.24. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60.

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

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio is 42.55%.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Pool from $360.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $360.33.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the 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 sale, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at $3,045,105. This trade represents a 11.23 % 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 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.