Curi RMB Capital LLC Purchases 336 Shares of Pool Co. (NASDAQ:POOL)

Curi RMB Capital LLC grew its stake in Pool Co. (NASDAQ:POOL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,164 shares of the specialty retailer’s stock after acquiring an additional 336 shares during the period. Curi RMB Capital LLC owned 0.13% of Pool worth $17,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in POOL. Rakuten Securities Inc. increased its holdings in Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc purchased a new stake in Pool during the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Pool in the 4th quarter valued at about $30,000. Private Trust Co. NA boosted its position in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Pool in the third quarter valued at $60,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the subject of several research reports. Wells Fargo & Company reduced their price objective on Pool from $360.00 to $315.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 target price for the company. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $360.33.

Pool Stock Up 1.6 %

Shares of POOL stock opened at $306.25 on Friday. The stock has a 50 day moving average of $328.44 and a 200-day moving average of $347.54. Pool Co. has a 12 month low of $284.28 and a 12 month high of $395.60. 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 firm has a market cap of $11.55 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million for 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, equities analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.57%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity

In related news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were 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 owns 9,667 shares of the company’s stock, valued at $3,045,105. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

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.