NewEdge Wealth LLC Sells 1,520 Shares of Pool Co. (NASDAQ:POOL)

NewEdge Wealth LLC cut its position in shares of Pool Co. (NASDAQ:POOL) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,586 shares of the specialty retailer’s stock after selling 1,520 shares during the quarter. NewEdge Wealth LLC’s holdings in Pool were worth $4,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Empirical Finance LLC grew its position in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after acquiring an additional 39 shares during the last quarter. Second Line Capital LLC grew its position in Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after acquiring an additional 39 shares during the last quarter. Venturi Wealth Management LLC grew its position in Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after acquiring an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 53 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after acquiring an additional 54 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday. Wells Fargo & Company reduced 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $368.00.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s 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 completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Pool Trading Down 1.5 %

NASDAQ POOL opened at $342.54 on Friday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a 50 day simple moving average of $343.00 and a two-hundred day simple moving average of $355.57. The stock has a market cap of $13.04 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.

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 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 return on equity of 31.11% and a net margin of 8.18%. On average, analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s payout ratio is presently 42.55%.

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.