First Horizon Advisors Inc. Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

First Horizon Advisors Inc. lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 863 shares of the specialty retailer’s stock after selling 57 shares during the quarter. First Horizon Advisors Inc.’s holdings in Pool were worth $294,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Empirical Finance LLC boosted its position in Pool by 3.7% in the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 39 shares during the last quarter. Second Line Capital LLC increased its holdings in Pool by 4.8% during the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock valued at $322,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC raised its position in 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 period. Sugarloaf Wealth Management LLC boosted its stake in shares of Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 53 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock valued at $2,732,000 after acquiring an additional 54 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $348.72 on Wednesday. The business has a 50-day moving average price of $342.92 and a 200-day moving average price of $355.63. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. 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) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. As a group, equities research analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $368.00.

Insider Buying and Selling at Pool

In other Pool 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 stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.

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.