UBS Asset Management Americas Inc. decreased its position in Pool Co. (NASDAQ:POOL) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,981 shares of the specialty retailer’s stock after selling 3,811 shares during the quarter. UBS Asset Management Americas Inc. owned 0.10% of Pool worth $5,313,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Polen Capital Management LLC bought a new stake in shares of Pool in the 3rd quarter worth about $207,000. Eagle Boston Investment Management Inc. bought a new stake in Pool during the 4th quarter worth about $246,000. Cambridge Investment Research Advisors Inc. bought a new stake in Pool during the 3rd quarter worth about $217,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Pool by 43.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,302 shares of the specialty retailer’s stock worth $298,000 after acquiring an additional 696 shares during the last quarter. Finally, Waters Parkerson & CO. LLC bought a new stake in Pool during the 3rd quarter worth about $262,000. 95.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pool Co. (NASDAQ:POOL) opened at $146.14 on Monday. Pool Co. has a fifty-two week low of $97.25 and a fifty-two week high of $150.26. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 2.28. The company has a market cap of $5,903.50, a PE ratio of 32.40 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.01%. Pool’s payout ratio is presently 32.82%.
In other Pool news, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $143.18, for a total transaction of $4,109,266.00. Following the transaction, the chief executive officer now directly owns 61,758 shares in the company, valued at approximately $8,842,510.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 1,300 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.26, for a total transaction of $192,738.00. Following the transaction, the chief executive officer now owns 53,058 shares in the company, valued at $7,866,379.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,200 shares of company stock worth $19,628,348. Corporate insiders own 7.00% of the company’s stock.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a report on Thursday, February 22nd. Stephens set a $160.00 price objective on shares of Pool and gave the stock a “hold” rating in a report on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and set a $158.00 price objective on shares of Pool in a report on Friday, February 16th. Finally, BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $147.60.
Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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