Trajan Wealth LLC Raises Position in Pool Co. (NASDAQ:POOL)

Trajan Wealth LLC increased its position in shares of Pool Co. (NASDAQ:POOL) by 5,106.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,374 shares of the specialty retailer’s stock after buying an additional 27,829 shares during the period. Trajan Wealth LLC owned about 0.07% of Pool worth $9,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rakuten Securities Inc. increased its holdings in Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Pool during the fourth quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Pool in the 4th quarter worth approximately $30,000. Private Trust Co. NA increased its position in shares of Pool by 76.9% during 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 period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Pool in the 3rd quarter valued at about $60,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $306.25 on Friday. The company’s fifty day moving average is $327.84 and its two-hundred day moving average is $346.88. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 27.15, 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 current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million during 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%. Equities research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.57%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’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 owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

POOL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 target price on the stock. Wells Fargo & Company cut 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. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two equities 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $360.33.

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.