Tokio Marine Asset Management Co. Ltd. Sells 56 Shares of Pool Co. (NASDAQ:POOL)

Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,548 shares of the specialty retailer’s stock after selling 56 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned about 0.09% of Pool worth $13,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its position in Pool by 9.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,648 shares of the specialty retailer’s stock worth $1,455,000 after acquiring an additional 322 shares during the period. GAMMA Investing LLC bought a new position in Pool during the fourth quarter worth $98,000. Telemus Capital LLC increased its position in Pool by 17.7% during the fourth quarter. Telemus Capital LLC now owns 11,972 shares of the specialty retailer’s stock worth $4,773,000 after acquiring an additional 1,799 shares during the period. Lindbrook Capital LLC boosted its stake in Pool by 73.7% during the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares in the last quarter. Finally, CNB Bank acquired a new stake in Pool during the fourth quarter worth $220,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and lifted their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Oppenheimer lifted their price target on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $397.80.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Pool Price Performance

Shares of NASDAQ:POOL traded up $2.40 on Wednesday, hitting $377.39. The stock had a trading volume of 550,349 shares, compared to its average volume of 321,698. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The firm’s 50 day moving average price is $393.60 and its 200-day moving average price is $373.55. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.79 EPS. On average, equities research analysts predict that Pool Co. will post 13.27 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.17%. Pool’s dividend payout ratio (DPR) is 33.03%.

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.