Pool Co. (NASDAQ:POOL) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,280 shares of the specialty retailer’s stock after buying an additional 82 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pool were worth $777,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of POOL. Berkshire Hathaway Inc acquired a new stake in shares of Pool in the third quarter valued at approximately $152,249,000. Raymond James Financial Inc. purchased a new position in shares of Pool during the fourth quarter valued at approximately $116,833,000. JPMorgan Chase & Co. lifted its stake in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after buying an additional 232,914 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool during the third quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of several recent analyst reports. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company reduced their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool Stock Up 2.0 %

Shares of POOL opened at $327.21 on Monday. The firm has a market cap of $12.31 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company’s fifty day moving average is $343.04 and its two-hundred day moving average is $355.21. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $420.98. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last announced 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. The company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.47%. Pool’s payout ratio is 42.55%.

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.