Insider Selling: Pool Co. (NASDAQ:POOL) SVP Sells 1,223 Shares of Stock

Pool Co. (NASDAQ:POOL) SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares in the company, valued at $3,045,105. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Pool Trading Up 2.4 %

POOL opened at $325.66 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a one year low of $293.51 and a one year high of $402.45. The company has a market cap of $12.28 billion, a P/E ratio of 28.87, a PEG ratio of 2.03 and a beta of 1.13. The business’s 50-day simple moving average is $338.44 and its 200-day simple moving average is $352.95.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. As a group, equities research analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio is presently 42.55%.

Institutional Trading of Pool

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. grew its stake in Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after buying an additional 69 shares during the last quarter. Atala Financial Inc acquired a new stake in Pool during the 4th quarter worth $29,000. Sierra Ocean LLC purchased a new position in Pool during the 4th quarter worth $30,000. FWL Investment Management LLC acquired a new position in Pool in the fourth quarter valued at $39,000. Finally, Private Trust Co. NA raised its holdings in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 60 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company lowered their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday. They issued a “hold” rating and a $344.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $365.33.

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.