Congress Wealth Management LLC DE Has $2.67 Million Stake in Pool Co. (NASDAQ:POOL)

Congress Wealth Management LLC DE cut its position in shares of Pool Co. (NASDAQ:POOL) by 81.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,829 shares of the specialty retailer’s stock after selling 35,015 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Pool were worth $2,669,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in Pool during the 3rd quarter worth about $202,000. Cerity Partners LLC boosted its position in shares of Pool by 4.7% during the 3rd quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer’s stock valued at $852,000 after purchasing an additional 101 shares in the last quarter. Associated Banc Corp acquired a new stake in Pool during the third quarter worth approximately $244,000. Brooklyn Investment Group bought a new stake in Pool in the third quarter worth approximately $31,000. Finally, Townsquare Capital LLC lifted its stake in Pool by 14.0% in the third quarter. Townsquare Capital LLC now owns 30,793 shares of the specialty retailer’s stock valued at $11,603,000 after buying an additional 3,788 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POOL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Stock Performance

POOL opened at $326.93 on Thursday. Pool Co. has a 1-year low of $293.51 and a 1-year high of $415.05. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.03 and a beta of 1.05. The company’s fifty day moving average price is $342.15 and its two-hundred day moving average price is $354.12. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio (DPR) is currently 42.55%.

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.