Wealth Alliance Has $482,000 Stake in Pool Co. (NASDAQ:POOL)

Wealth Alliance grew its position in shares of Pool Co. (NASDAQ:POOL) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,210 shares of the specialty retailer’s stock after buying an additional 56 shares during the quarter. Wealth Alliance’s holdings in Pool were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in POOL. Vanguard Group Inc. boosted its position in Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock worth $1,870,904,000 after purchasing an additional 12,654 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Pool by 3.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after buying an additional 63,413 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Pool by 10.3% in the fourth quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock worth $454,148,000 after buying an additional 139,946 shares during the last quarter. Morgan Stanley lifted its stake in shares of Pool by 62.4% in the fourth quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock worth $364,021,000 after buying an additional 462,507 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after buying an additional 313,190 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and upped their target price for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pool has an average rating of “Hold” and an average price target of $388.63.

Pool Trading Down 1.6 %

Shares of POOL stock opened at $364.15 on Thursday. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 3.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The firm has a fifty day moving average of $395.15 and a 200-day moving average of $372.55.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company posted $1.79 EPS. The business’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts forecast that Pool Co. will post 13.3 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, March 13th. Pool’s payout ratio is 33.03%.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.