Pool Co. (NASDAQ:POOL) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Pool Co. (NASDAQ:POOL) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,134 shares of the specialty retailer’s stock after selling 3,862 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Pool were worth $3,114,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in shares of Pool in the 3rd quarter valued at $720,000. Parnassus Investments LLC increased its position in shares of Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after buying an additional 36,403 shares during the period. L. Roy Papp & Associates LLP acquired a new position in Pool in the fourth quarter valued at about $653,000. Finally, National Bank of Canada FI boosted its stake in Pool by 46.6% during the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after buying an additional 4,954 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the 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 transaction, 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 SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Pool Trading Up 1.3 %

POOL opened at $347.00 on Friday. 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 $13.21 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.03 and a beta of 1.03. The business has a fifty day moving average price of $342.99 and a 200 day moving average price of $355.50. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The business 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 expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.38%. Pool’s payout ratio is currently 42.55%.

Analyst Upgrades and Downgrades

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

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.