Curi RMB Capital LLC Raises Holdings in Pool Co. (NASDAQ:POOL)

Curi RMB Capital LLC increased its stake in shares of Pool Co. (NASDAQ:POOL) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 51,164 shares of the specialty retailer’s stock after purchasing an additional 336 shares during the period. Curi RMB Capital LLC’s holdings in Pool were worth $17,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Pool by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer’s stock worth $1,514,950,000 after purchasing an additional 21,870 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock worth $355,435,000 after acquiring an additional 224,674 shares in the last quarter. Geode Capital Management LLC lifted its stake in Pool by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer’s stock worth $332,566,000 after purchasing an additional 13,519 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Pool by 6.2% during the 4th quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer’s stock valued at $260,416,000 after acquiring an additional 44,884 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Pool from $360.00 to $315.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Pool in a research report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $360.33.

Pool Trading Up 1.6 %

POOL stock opened at $306.25 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The company has a market capitalization of $11.55 billion, a PE ratio of 27.15, a P/E/G ratio of 2.03 and a beta of 1.13. The firm’s 50-day moving average is $328.44 and its 200 day moving average is $347.54. Pool Co. has a 12 month low of $284.28 and a 12 month high of $395.60.

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

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.57%. Pool’s dividend payout ratio (DPR) is currently 42.55%.

Insider Buying and Selling

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.