K.J. Harrison & Partners Inc Sells 500 Shares of Pool Co. (NASDAQ:POOL)

K.J. Harrison & Partners Inc reduced its position in shares of Pool Co. (NASDAQ:POOL) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the specialty retailer’s stock after selling 500 shares during the period. K.J. Harrison & Partners Inc’s holdings in Pool were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new position in Pool during the 3rd quarter worth $152,249,000. JPMorgan Chase & Co. increased its stake in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after buying an additional 232,914 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Pool during the third quarter worth about $40,750,000. Lord Abbett & CO. LLC raised its position in shares of Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after acquiring an additional 66,791 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Pool by 62.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock worth $58,825,000 after acquiring an additional 66,409 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on 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 sale, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on POOL shares. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company decreased 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $368.00.

Pool Price Performance

Pool stock opened at $347.74 on Thursday. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.03 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. 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’s 50 day moving average price is $343.00 and its two-hundred day moving average price is $355.57.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. Pool’s payout ratio is 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.