K.J. Harrison & Partners Inc Makes New $2.81 Million Investment in Pool Co. (NASDAQ:POOL)

K.J. Harrison & Partners Inc acquired a new stake in shares of Pool Co. (NASDAQ:POOL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,050 shares of the specialty retailer’s stock, valued at approximately $2,811,000.

A number of other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its position in shares of Pool by 9.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,648 shares of the specialty retailer’s stock valued at $1,455,000 after acquiring an additional 322 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Pool in the 4th quarter worth $98,000. Telemus Capital LLC increased its holdings in shares of Pool by 17.7% in the 4th quarter. Telemus Capital LLC now owns 11,972 shares of the specialty retailer’s stock worth $4,773,000 after buying an additional 1,799 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Pool by 73.7% during 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 in the last quarter. Finally, CNB Bank bought a new position in shares of Pool in the 4th quarter valued at about $220,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on POOL. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and upped their price objective for the company from $380.00 to $415.00 in a research report on Monday, January 8th. TheStreet lowered Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Oppenheimer lifted their price objective 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, Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $397.80.

Pool Trading Up 0.3 %

POOL traded up $1.17 during trading hours on Friday, reaching $371.17. 437,342 shares of the company’s stock traded hands, compared to its average volume of 332,308. The firm has a 50-day moving average price of $393.10 and a 200 day moving average price of $373.55. The firm has a market capitalization of $14.29 billion, a PE ratio of 27.94, a PEG ratio of 3.60 and a beta of 1.00. 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 Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 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 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 earnings per share. As a group, sell-side analysts predict that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. Pool’s dividend payout ratio is presently 33.03%.

Insider Transactions at Pool

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 stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company’s stock.

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.