Benjamin F. Edwards & Company Inc. Acquires 49,465 Shares of Pool Co. (NASDAQ:POOL)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 16,654.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,762 shares of the specialty retailer’s stock after buying an additional 49,465 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Pool were worth $19,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Pool during the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. grew its stake in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 55 shares during the last quarter. CVA Family Office LLC acquired a new position in Pool in the 4th quarter valued at about $34,000. Lindbrook Capital LLC grew its stake in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 42 shares during the last quarter. Finally, Huntington National Bank grew its stake in Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 58 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POOL shares. Stifel Nicolaus decreased their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and increased their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, Oppenheimer decreased their target price on shares of Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $391.80.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the 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 completion of the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Pool Price Performance

Shares of NASDAQ POOL traded up $0.61 during trading hours on Thursday, hitting $360.11. 368,792 shares of the stock were exchanged, compared to its average volume of 335,481. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. The company has a market cap of $13.80 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company’s fifty day simple moving average is $391.39 and its two-hundred day simple moving average is $374.27. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 EPS. On average, sell-side analysts predict that Pool Co. will post 13.03 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s payout ratio is 34.43%.

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.