Waters Parkerson & CO. LLC Has $13.19 Million Holdings in Pool Co. (NASDAQ:POOL)

Waters Parkerson & CO. LLC grew its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,700 shares of the specialty retailer's stock after buying an additional 5,360 shares during the period. Waters Parkerson & CO. LLC owned approximately 0.10% of Pool worth $13,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Second Line Capital LLC boosted its position in shares of Pool by 4.1% during the 4th quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer's stock worth $303,000 after acquiring an additional 35 shares in the last quarter. Tidal Investments LLC grew its position in Pool by 0.5% in the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock valued at $2,283,000 after acquiring an additional 35 shares during the last quarter. Waterloo Capital L.P. raised its stake in Pool by 7.1% during the fourth quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer's stock worth $216,000 after acquiring an additional 42 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of 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 during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Pool by 1.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,868 shares of the specialty retailer's stock worth $1,319,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Up 2.3%

Shares of Pool stock opened at $320.82 on Monday. Pool Co. has a 1 year low of $284.28 and a 1 year high of $395.60. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.03 and a beta of 1.20. The company has a 50-day moving average of $310.34 and a 200 day moving average of $338.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

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 (EPS) 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company posted $1.85 earnings per share. The business's revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Increases Dividend

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

Pool declared that its Board of Directors has authorized a share buyback program on Wednesday, April 30th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. Wells Fargo & Company set a $300.00 price target on Pool in a research note on Friday, April 25th. Stephens decreased their price target on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Stifel Nicolaus set a $300.00 target price on Pool in a research report on Friday, April 25th. Finally, Oppenheimer dropped their price target on shares of Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $336.22.

Insider Activity

In related news, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

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.

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