LPL Financial LLC Has $585,000 Position in Pool (POOL)

LPL Financial LLC decreased its position in Pool (NASDAQ:POOL) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,510 shares of the specialty retailer’s stock after selling 465 shares during the quarter. LPL Financial LLC’s holdings in Pool were worth $585,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. FDx Advisors Inc. raised its holdings in Pool by 4.0% in the fourth quarter. FDx Advisors Inc. now owns 10,517 shares of the specialty retailer’s stock valued at $1,364,000 after acquiring an additional 409 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Pool by 42.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 434 shares in the last quarter. Tygh Capital Management Inc. raised its holdings in Pool by 1.3% during the fourth quarter. Tygh Capital Management Inc. now owns 36,804 shares of the specialty retailer’s stock worth $4,772,000 after purchasing an additional 460 shares in the last quarter. SG Americas Securities LLC raised its holdings in Pool by 5.4% during the fourth quarter. SG Americas Securities LLC now owns 10,855 shares of the specialty retailer’s stock worth $1,407,000 after purchasing an additional 560 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in Pool by 27.3% during the fourth quarter. MML Investors Services LLC now owns 2,715 shares of the specialty retailer’s stock worth $352,000 after purchasing an additional 582 shares in the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

POOL stock opened at $146.71 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.76 and a current ratio of 2.43. Pool has a twelve month low of $97.25 and a twelve month high of $150.26. The company has a market cap of $5,900.89, a price-to-earnings ratio of 36.77 and a beta of 0.80.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 19th. The specialty retailer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.62). Pool had a return on equity of 70.46% and a net margin of 6.87%. analysts predict that Pool will post 5.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.01%. Pool’s dividend payout ratio (DPR) is presently 37.09%.

A number of analysts have weighed in on the stock. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Robert W. Baird reissued a “buy” rating and set a $158.00 price objective on shares of Pool in a report on Friday, February 16th. Stephens set a $160.00 price objective on shares of Pool and gave the stock a “hold” rating in a report on Thursday, February 15th. BidaskClub raised shares of Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, March 30th. Finally, Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $152.50.

In other news, insider Romain Kenneth G. St sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $145.96, for a total transaction of $5,838,400.00. Following the transaction, the insider now directly owns 105,308 shares in the company, valued at $15,370,755.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $143.18, for a total transaction of $4,109,266.00. Following the transaction, the chief executive officer now owns 61,758 shares in the company, valued at $8,842,510.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,000 shares of company stock worth $18,685,004. Insiders own 6.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “LPL Financial LLC Has $585,000 Position in Pool (POOL)” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/04/17/lpl-financial-llc-has-585000-position-in-pool-pool.html.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply