Pool Co. (NASDAQ:POOL) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its position in shares of Pool Co. (NASDAQ:POOL) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,990 shares of the specialty retailer’s stock after buying an additional 753 shares during the period. Cibc World Markets Corp’s holdings in Pool were worth $2,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in Pool by 1.8% during the 3rd quarter. Pathstone Holdings LLC now owns 8,435 shares of the specialty retailer’s stock worth $3,178,000 after purchasing an additional 152 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Pool by 43.4% during the 3rd quarter. King Luther Capital Management Corp now owns 25,502 shares of the specialty retailer’s stock worth $9,609,000 after purchasing an additional 7,724 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Pool during the 3rd quarter worth $202,000. Raymond James Trust N.A. boosted its stake in Pool by 8.1% during the 3rd quarter. Raymond James Trust N.A. now owns 2,273 shares of the specialty retailer’s stock worth $856,000 after purchasing an additional 170 shares during the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in Pool by 6.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,774 shares of the specialty retailer’s stock worth $659,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.1 %

NASDAQ POOL opened at $320.14 on Friday. The firm’s 50-day moving average is $342.60 and its two-hundred day moving average is $354.17. Pool Co. has a 12 month low of $293.51 and a 12 month high of $420.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a market capitalization of $12.05 billion, a P/E ratio of 28.38, a PEG ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last posted 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. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. On average, sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.50%. Pool’s payout ratio is currently 42.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on POOL. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company lowered their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and a consensus price target of $368.00.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’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 sale, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.