Envestnet Portfolio Solutions Inc. Has $2.26 Million Stock Position in Pool Co. (NASDAQ:POOL)

Envestnet Portfolio Solutions Inc. lowered its position in shares of Pool Co. (NASDAQ:POOL) by 20.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,633 shares of the specialty retailer’s stock after selling 1,715 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Pool were worth $2,262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Second Line Capital LLC increased its position in shares of Pool by 4.8% in the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC increased its position in shares of Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 43 shares during the period. Sugarloaf Wealth Management LLC increased its position in shares of Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares during the period. TD Private Client Wealth LLC increased its position in shares of Pool by 0.8% in the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after purchasing an additional 54 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Pool by 0.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Pool stock opened at $320.34 on Friday. The stock has a market cap of $12.05 billion, a PE ratio of 28.40, a P/E/G ratio of 2.03 and a beta of 1.05. 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 business’s 50-day moving average price is $342.73 and its two-hundred day moving average price is $354.39. Pool Co. has a 12-month low of $293.51 and a 12-month high of $420.98.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share 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%. As a group, analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is currently 42.55%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on POOL shares. 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 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 investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $368.00.

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred 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 transaction, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.