Treasurer of the State of North Carolina Has $5.73 Million Stock Position in Pool Co. (NASDAQ:POOL)

Treasurer of the State of North Carolina boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 0.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,818 shares of the specialty retailer’s stock after acquiring an additional 60 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Pool were worth $5,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Allspring Global Investments Holdings LLC increased its holdings in shares of Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP acquired a new position in shares of Pool in the fourth quarter valued at $653,000. World Equity Group Inc. bought a new position in shares of Pool in the fourth quarter valued at about $272,000. Landscape Capital Management L.L.C. lifted its stake in shares of Pool by 104.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer’s stock worth $1,288,000 after buying an additional 1,926 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Pool by 28.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,056 shares of the specialty retailer’s stock worth $16,725,000 after buying an additional 10,880 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.1 %

POOL stock opened at $311.55 on Tuesday. Pool Co. has a 52 week low of $284.28 and a 52 week high of $395.60. The business has a 50-day simple moving average of $330.23 and a 200 day simple moving average of $348.64. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market cap of $11.75 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate 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 net margin of 8.18% and a return on equity of 31.11%. Sell-side analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s payout ratio is presently 42.55%.

Insider Buying and Selling at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on POOL. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Pool from $360.00 to $315.00 and set an “equal weight” rating on the stock in a report on Monday. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $360.33.

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.