Intrust Bank NA Trims Position in Pool Co. (NASDAQ:POOL)

Intrust Bank NA decreased its holdings in Pool Co. (NASDAQ:POOL) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,271 shares of the specialty retailer’s stock after selling 417 shares during the quarter. Intrust Bank NA’s holdings in Pool were worth $1,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Allstate Corp bought a new position in Pool in the 4th quarter worth $382,000. Brown Brothers Harriman & Co. raised its stake in Pool by 34.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 531 shares of the specialty retailer’s stock worth $181,000 after buying an additional 137 shares in the last quarter. DnB Asset Management AS lifted its holdings in Pool by 4.3% in the fourth quarter. DnB Asset Management AS now owns 6,312 shares of the specialty retailer’s stock worth $2,152,000 after buying an additional 258 shares during the period. Pictet Asset Management Holding SA boosted its position in Pool by 25.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock valued at $216,840,000 after acquiring an additional 129,780 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Pool by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 19,946 shares of the specialty retailer’s stock worth $6,800,000 after acquiring an additional 119 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL stock opened at $314.92 on Friday. 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 capitalization of $11.85 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a one year low of $293.51 and a one year high of $403.61. The company’s 50-day moving average is $340.58 and its 200 day moving average is $353.55.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 net margin of 8.18% and a return on equity of 31.11%. Sell-side analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s payout ratio is currently 42.55%.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $368.00.

Pool 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.