SG Americas Securities LLC Has $611,000 Position in Pool Co. (NASDAQ:POOL)

SG Americas Securities LLC reduced its stake in Pool Co. (NASDAQ:POOLGet Rating) by 87.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,444 shares of the specialty retailer’s stock after selling 9,982 shares during the period. SG Americas Securities LLC’s holdings in Pool were worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. increased its holdings in shares of Pool by 150.0% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. American National Bank boosted its position in shares of Pool by 52.0% in the first quarter. American National Bank now owns 76 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 26 shares during the period. Allworth Financial LP boosted its position in shares of Pool by 241.7% in the first quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 58 shares during the period. UMB Bank N A MO bought a new stake in shares of Pool in the fourth quarter valued at about $54,000. Finally, Sageworth Trust Co of South Dakota bought a new stake in shares of Pool in the fourth quarter valued at about $67,000. 91.88% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

Pool stock opened at $363.11 on Thursday. The business has a 50 day moving average of $370.22 and a 200-day moving average of $414.96. Pool Co. has a 1 year low of $324.14 and a 1 year high of $582.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.77 and a quick ratio of 1.00. The company has a market capitalization of $14.38 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.97 and a beta of 0.88.

Pool (NASDAQ:POOLGet Rating) last released its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, beating analysts’ consensus estimates of $7.40 by $0.19. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.37 EPS. On average, equities research analysts predict that Pool Co. will post 18.41 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 10th. Pool’s payout ratio is 20.80%.

Insiders Place Their Bets

In other Pool news, CEO Peter D. Arvan purchased 500 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were purchased at an average cost of $387.08 per share, for a total transaction of $193,540.00. Following the acquisition, the chief executive officer now owns 61,825 shares of the company’s stock, valued at $23,931,221. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Martha S. Gervasi acquired 300 shares of the company’s stock in a transaction on Friday, May 6th. The shares were acquired at an average cost of $391.86 per share, for a total transaction of $117,558.00. Following the purchase, the director now owns 808 shares in the company, valued at $316,622.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter D. Arvan acquired 500 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average price of $387.08 per share, for a total transaction of $193,540.00. Following the completion of the purchase, the chief executive officer now owns 61,825 shares in the company, valued at approximately $23,931,221. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stephens reduced their target price on shares of Pool to $400.00 in a research report on Tuesday, July 26th. KeyCorp cut their price objective on shares of Pool from $570.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Stifel Nicolaus cut their price objective on shares of Pool from $490.00 to $415.00 and set a “maintains” rating for the company in a research report on Friday, July 22nd. Loop Capital cut their price objective on shares of Pool from $465.00 to $370.00 and set a “hold” rating for the company in a research report on Thursday, June 23rd. Finally, Edward Jones began coverage on shares of Pool in a research report on Tuesday, April 12th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $440.78.

About Pool

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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