Xponance Inc. Decreases Stake in Pool Co. (NASDAQ:POOL)

Xponance Inc. lessened its stake in Pool Co. (NASDAQ:POOL) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,525 shares of the specialty retailer’s stock after selling 63 shares during the quarter. Xponance Inc.’s holdings in Pool were worth $2,907,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares during the period. Atala Financial Inc purchased a new position in shares of Pool in the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Pool during the 4th quarter worth about $30,000. Brooklyn Investment Group acquired a new stake in shares of Pool during the 3rd quarter worth about $31,000. Finally, Private Trust Co. NA raised 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. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.1 %

Shares of POOL stock opened at $320.14 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a twelve month low of $293.51 and a twelve month high of $420.00. The company has a market capitalization of $12.05 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The business’s 50 day moving average is $342.60 and its two-hundred day moving average is $354.17.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Equities analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid 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 1.50%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company cut their price target 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 research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $368.00.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction 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. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

About Pool

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.