Bank of America Corp DE Has $52.85 Million Holdings in Pool Co. (NASDAQ:POOL)

Bank of America Corp DE lessened its stake in Pool Co. (NASDAQ:POOL - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,021 shares of the specialty retailer's stock after selling 126,750 shares during the quarter. Bank of America Corp DE owned approximately 0.41% of Pool worth $52,853,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its holdings in Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Atala Financial Inc acquired a new stake in Pool during the 4th quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Pool during the 4th quarter valued at $30,000. Private Trust Co. NA lifted its holdings in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after buying an additional 60 shares in the last quarter. Finally, YANKCOM Partnership acquired a new stake in shares of Pool during the fourth quarter worth $61,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Buying and Selling

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

Pool Trading Up 2.3%

Shares of POOL stock traded up $7.29 during mid-day trading on Friday, reaching $320.82. 825,443 shares of the stock traded hands, compared to its average volume of 393,648. The stock's fifty day simple moving average is $310.34 and its two-hundred day simple moving average is $338.38. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $1.25 dividend. This is a positive change from Pool's previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 15th. Pool's payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on POOL. Robert W. Baird dropped their target price on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wells Fargo & Company set a $300.00 target price on Pool in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price target on the stock. Stephens decreased their price target on Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Pool currently has a consensus rating of "Hold" and a consensus target price of $336.22.

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.