International Assets Investment Management LLC Buys 183,288 Shares of Pool Co. (NASDAQ:POOL)

International Assets Investment Management LLC grew its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 30,047.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,898 shares of the specialty retailer's stock after acquiring an additional 183,288 shares during the period. International Assets Investment Management LLC owned about 0.48% of Pool worth $73,322,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in POOL. Equitable Trust Co. purchased a new stake in shares of Pool in the fourth quarter worth about $602,000. DekaBank Deutsche Girozentrale grew its stake in shares of Pool by 86.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 28,544 shares of the specialty retailer's stock worth $11,352,000 after purchasing an additional 13,269 shares during the period. Tritonpoint Wealth LLC acquired a new position in shares of Pool in the 4th quarter valued at $622,000. Stratos Wealth Partners LTD. boosted its holdings in Pool by 7.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,211 shares of the specialty retailer's stock worth $1,679,000 after buying an additional 275 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Pool during the fourth quarter valued at $2,548,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on POOL. Loop Capital lowered Pool from a "buy" rating to a "hold" rating and lifted their price target for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Stifel Nicolaus decreased their target price on Pool from $370.00 to $360.00 and set a "hold" rating on the stock in a research report on Monday. Oppenheimer cut their price target on shares of Pool from $436.00 to $416.00 and set an "outperform" rating for the company in a report on Monday. Finally, TheStreet lowered shares of Pool from a "b" rating to a "c+" rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $391.80.

Pool Trading Up 1.3 %

Pool stock traded up $4.54 during trading on Friday, reaching $364.65. 430,033 shares of the company were exchanged, compared to its average volume of 336,581. The stock's 50 day simple moving average is $390.55 and its two-hundred day simple moving average is $374.28. The company has a market capitalization of $13.98 billion, a P/E ratio of 28.53, a PEG ratio of 3.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm's quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 EPS. On average, equities research analysts expect that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Pool's previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool's dividend payout ratio is currently 34.43%.

Insider Buying and Selling

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.