Wealthspire Advisors LLC Has $642,000 Stake in Pool Co. (NASDAQ:POOL)

Wealthspire Advisors LLC lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,882 shares of the specialty retailer’s stock after selling 99 shares during the quarter. Wealthspire Advisors LLC’s holdings in Pool were worth $642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sigma Planning Corp increased its stake in Pool by 9.0% in the fourth quarter. Sigma Planning Corp now owns 2,020 shares of the specialty retailer’s stock valued at $689,000 after purchasing an additional 167 shares in the last quarter. ING Groep NV acquired a new stake in shares of Pool in the 4th quarter valued at about $1,657,000. TimesSquare Capital Management LLC increased its position in Pool by 62.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock valued at $58,825,000 after buying an additional 66,409 shares in the last quarter. Global Retirement Partners LLC raised its stake in Pool by 298.4% during the 4th quarter. Global Retirement Partners LLC now owns 749 shares of the specialty retailer’s stock worth $255,000 after buying an additional 561 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after acquiring an additional 43 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on POOL. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus target price of $368.00.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on 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 owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Pool Trading Up 1.2 %

Shares of Pool stock opened at $348.72 on Wednesday. The company has a market capitalization of $13.27 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The stock has a fifty day simple moving average of $342.92 and a 200 day simple moving average of $355.63. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million during 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%. On average, sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

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.