Signal Advisors Wealth LLC Acquires 974 Shares of Pool Co. (NASDAQ:POOL)

Signal Advisors Wealth LLC lifted its position in Pool Co. (NASDAQ:POOL - Free Report) by 40.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,383 shares of the specialty retailer's stock after buying an additional 974 shares during the quarter. Signal Advisors Wealth LLC's holdings in Pool were worth $1,077,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in POOL. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 232,914 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Pool by 7.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,011 shares of the specialty retailer's stock valued at $2,049,000 after acquiring an additional 424 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Pool by 27.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,395 shares of the specialty retailer's stock worth $1,513,000 after purchasing an additional 954 shares during the period. Choreo LLC boosted its position in shares of Pool by 349.4% during the 4th quarter. Choreo LLC now owns 2,557 shares of the specialty retailer's stock worth $868,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of Pool in the 4th quarter valued at $499,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company set a $300.00 price objective on shares of Pool in a research report on Friday, April 25th. Wall Street Zen cut shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Stephens lowered their target price on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $336.22.

Insider Transactions at Pool

In related news, SVP Jennifer M. Neil sold 1,223 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 9,667 shares of the company's stock, valued at $3,045,105. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company's stock.

Pool Trading Up 2.7%

Pool stock traded up $8.06 during trading hours on Tuesday, reaching $306.31. 541,735 shares of the company's stock were exchanged, compared to its average volume of 413,096. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm's 50 day simple moving average is $304.02 and its 200 day simple moving average is $331.18. The firm has a market capitalization of $11.52 billion, a PE ratio of 27.16, a PEG ratio of 2.03 and a beta of 1.12.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The business's revenue was down 4.4% compared to the same quarter last year. Research analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $5.00 annualized dividend and a dividend yield of 1.63%. This is a positive change from Pool's previous quarterly dividend of $1.20. Pool's dividend payout ratio is currently 46.90%.

Pool announced that its board has approved a stock buyback plan on Wednesday, April 30th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.