Wealth Alliance Has $482,000 Holdings in Pool Co. (NASDAQ:POOL)

Wealth Alliance boosted its stake in Pool Co. (NASDAQ:POOL) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,210 shares of the specialty retailer’s stock after purchasing an additional 56 shares during the quarter. Wealth Alliance’s holdings in Pool were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock worth $1,870,904,000 after acquiring an additional 12,654 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Pool by 3.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after acquiring an additional 63,413 shares in the last quarter. Select Equity Group L.P. raised its stake in Pool by 10.3% during the fourth quarter. Select Equity Group L.P. now owns 1,502,159 shares of the specialty retailer’s stock worth $454,148,000 after acquiring an additional 139,946 shares in the last quarter. Morgan Stanley raised its stake in Pool by 62.4% during the fourth quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock worth $364,021,000 after acquiring an additional 462,507 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after acquiring an additional 313,190 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of NASDAQ:POOL opened at $364.15 on Thursday. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.43 and a beta of 1.00. The stock’s 50 day moving average is $395.15 and its 200-day moving average is $372.55. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. Pool’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 EPS. Sell-side analysts forecast that Pool Co. will post 13.3 EPS for the current fiscal year.

Pool Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio is currently 33.03%.

Wall Street Analysts Forecast Growth

POOL has been the subject of several research analyst reports. Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus restated a “hold” rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Loop Capital cut Pool from a “buy” rating to a “hold” rating and boosted their price target for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Finally, TheStreet cut Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $388.63.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

About Pool

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.