Perennial Investment Advisors LLC Purchases 63 Shares of Pool Co. (NASDAQ:POOL)

Perennial Investment Advisors LLC boosted its position in Pool Co. (NASDAQ:POOL) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,284 shares of the specialty retailer’s stock after purchasing an additional 63 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Pool were worth $438,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of POOL. Intech Investment Management LLC bought a new stake in shares of Pool in the third quarter worth $202,000. Public Sector Pension Investment Board increased its stake in Pool by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,693 shares of the specialty retailer’s stock valued at $638,000 after buying an additional 200 shares during the last quarter. HighTower Advisors LLC lifted its position in Pool by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,912 shares of the specialty retailer’s stock worth $1,476,000 after buying an additional 661 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Pool by 28.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,694 shares of the specialty retailer’s stock worth $1,768,000 after buying an additional 1,034 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in shares of Pool by 32.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,236 shares of the specialty retailer’s stock valued at $466,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $365.33.

Pool Stock Performance

NASDAQ POOL opened at $315.05 on Friday. Pool Co. has a 52-week low of $293.51 and a 52-week high of $402.45. The stock has a market cap of $11.88 billion, a PE ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. The firm has a 50-day moving average of $336.70 and a 200-day moving average of $352.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, sell-side analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Insider Activity

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at $3,045,105. The trade was a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.