Advisor OS LLC decreased its position in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,233 shares of the specialty retailer’s stock after selling 482 shares during the period. Advisor OS LLC’s holdings in Pool were worth $711,000 at the end of the most recent quarter.
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Several other hedge funds have also recently bought and sold shares of POOL. American Century Companies Inc. lifted its stake in Pool by 14.6% during the 1st quarter. American Century Companies Inc. now owns 5,536 shares of the specialty retailer’s stock worth $2,341,000 after acquiring an additional 704 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Pool by 70.6% during the 1st quarter. Panagora Asset Management Inc. now owns 3,161 shares of the specialty retailer’s stock worth $1,337,000 after acquiring an additional 1,308 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Pool by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,364 shares of the specialty retailer’s stock worth $2,268,000 after acquiring an additional 332 shares in the last quarter. Raymond James Trust NA lifted his stake in Pool by 14.1% during the 1st quarter. Raymond James Trust NA now owns 1,744 shares of the specialty retailer’s stock worth $738,000 after acquiring an additional 215 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Pool by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 265,934 shares of the specialty retailer’s stock worth $112,497,000 after acquiring an additional 3,766 shares in the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on POOL. KeyCorp lowered their target price on Pool from $465.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, October 21st. Stephens cut their price target on Pool from $400.00 to $340.00 in a research note on Wednesday, October 19th. The Goldman Sachs Group cut their price objective on Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Robert W. Baird cut their price objective on Pool from $398.00 to $368.00 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Finally, Stifel Nicolaus cut their price objective on Pool from $415.00 to $355.00 in a research note on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $392.27.
Pool floor performance
POOL stock traded up $7.96 on Friday, reaching $352.74. The company’s stock had a trading volume of 335,700 shares, compared to its average volume of 343,853. Pool Co. has a 52 week low of $278.10 and a 52 week high of $488.75. The company has a market capitalization of $13.77 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.50 and a beta of 0.84. The firm has a fifty day moving average of $324.27 and a two hundred day moving average of $335.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.98 and a quick ratio of 0.90.
Pool (NASDAQ:POOL – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The specialty retailer reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $0.21. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.60 billion. Pool had a return on equity of 65.81% and a net margin of 12.81%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company posted $4.51 EPS. As a group, analysts predict that Pool Co. will post 18.72 EPS for the current fiscal year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, November 9th. Pool’s payout ratio is currently 20.54%.
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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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