Pool Co. (NASDAQ:POOL) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lowered its position in Pool Co. (NASDAQ:POOL) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,769 shares of the specialty retailer’s stock after selling 23,527 shares during the quarter. TD Asset Management Inc. owned 0.73% of Pool worth $94,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POOL. Berkshire Hathaway Inc acquired a new position in shares of Pool in the third quarter worth about $152,249,000. Raymond James Financial Inc. purchased a new stake in Pool during the 4th quarter worth approximately $116,833,000. JPMorgan Chase & Co. raised its position in shares of Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool during the 3rd quarter valued at approximately $40,750,000. Finally, Parnassus Investments LLC grew its position in shares of Pool by 33.9% during the fourth quarter. Parnassus Investments LLC now owns 274,165 shares of the specialty retailer’s stock worth $93,474,000 after buying an additional 69,435 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Down 0.1 %

Pool stock opened at $325.63 on Wednesday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $415.05. The firm’s 50-day moving average is $342.43 and its 200-day moving average is $354.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The company has a market cap of $12.25 billion, a P/E ratio of 28.87, a PEG ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million during 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, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. Pool’s payout ratio is currently 42.55%.

Analysts Set New Price Targets

Several analysts recently issued reports on POOL shares. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $368.00.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Pool Company 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.