Kestra Private Wealth Services LLC Purchases New Holdings in Pool Co. (NASDAQ:POOL)

Kestra Private Wealth Services LLC acquired a new stake in shares of Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,157 shares of the specialty retailer’s stock, valued at approximately $461,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Pool by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 49,129 shares of the specialty retailer’s stock worth $19,720,000 after purchasing an additional 4,877 shares during the last quarter. James Hambro & Partners grew its position in Pool by 21.4% in the 4th quarter. James Hambro & Partners now owns 189,479 shares of the specialty retailer’s stock valued at $75,573,000 after buying an additional 33,402 shares during the last quarter. International Assets Investment Management LLC increased its stake in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after buying an additional 183,288 shares during the period. Sequoia Financial Advisors LLC raised its position in Pool by 394.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,556 shares of the specialty retailer’s stock worth $1,817,000 after buying an additional 3,635 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Pool in the 4th quarter worth $4,329,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer cut their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and increased their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus cut their price objective on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average target price of $391.80.

Pool Trading Up 1.7 %

Shares of POOL stock opened at $370.77 on Tuesday. The stock has a market cap of $14.21 billion, a P/E ratio of 29.01, a P/E/G ratio of 3.80 and a beta of 1.01. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The business has a fifty day simple moving average of $390.24 and a 200-day simple moving average of $375.02.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business posted $2.46 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. On average, analysts forecast that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, May 15th. Pool’s dividend payout ratio is currently 34.43%.

Insider Activity at Pool

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

Pool 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.