OneAscent Financial Services LLC Reduces Position in Pool Co. (NASDAQ:POOL)

OneAscent Financial Services LLC lowered its stake in Pool Co. (NASDAQ:POOL) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 843 shares of the specialty retailer’s stock after selling 234 shares during the period. OneAscent Financial Services LLC’s holdings in Pool were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in POOL. Rakuten Securities Inc. grew its position in Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 69 shares during the period. Atala Financial Inc purchased a new stake in shares of Pool in the fourth quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in Pool during the fourth quarter worth about $30,000. Private Trust Co. NA raised its position in Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pool during the third quarter valued at approximately $60,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of POOL stock opened at $315.05 on Friday. The firm has a 50 day moving average of $336.70 and a two-hundred day moving average of $352.37. The stock has a market capitalization of $11.88 billion, a PE ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. 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 Co. has a 52 week low of $293.51 and a 52 week high of $402.45.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping 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 firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, research analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.52%. Pool’s payout ratio is currently 42.55%.

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on POOL shares. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research note on Tuesday. They issued a “hold” rating and a $344.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $365.33.

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.