Signaturefd LLC Has $238,000 Position in Pool Co. (NASDAQ:POOL)

Signaturefd LLC reduced its stake in Pool Co. (NASDAQ:POOL) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 596 shares of the specialty retailer’s stock after selling 113 shares during the period. Signaturefd LLC’s holdings in Pool were worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of POOL. Nordea Investment Management AB grew its stake in shares of Pool by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 49,129 shares of the specialty retailer’s stock valued at $19,720,000 after acquiring an additional 4,877 shares in the last quarter. James Hambro & Partners grew its stake in shares of Pool by 21.4% in the fourth quarter. James Hambro & Partners now owns 189,479 shares of the specialty retailer’s stock valued at $75,573,000 after acquiring an additional 33,402 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Pool by 30,047.2% in the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after acquiring an additional 183,288 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Pool by 394.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,556 shares of the specialty retailer’s stock valued at $1,817,000 after acquiring an additional 3,635 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Pool in the fourth quarter valued at about $4,329,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Price Performance

POOL stock opened at $371.17 on Friday. The company’s 50-day moving average price is $392.78 and its two-hundred day moving average price is $373.76. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The company has a quick ratio of 0.58, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The firm has a market cap of $14.29 billion, a P/E ratio of 29.04, a P/E/G ratio of 3.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts anticipate that Pool Co. will post 13.26 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. Pool’s payout ratio is currently 34.43%.

Insider Activity

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on POOL shares. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price objective on shares of Pool in a research note on Tuesday, March 5th. Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and raised their target price for the company from $380.00 to $415.00 in a report on Monday, January 8th. Oppenheimer raised their target price on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $397.80.

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.