Forsta AP Fonden Sells 700 Shares of Pool Co. (NASDAQ:POOL)

Forsta AP Fonden lessened its position in Pool Co. (NASDAQ:POOL) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,600 shares of the specialty retailer’s stock after selling 700 shares during the period. Forsta AP Fonden’s holdings in Pool were worth $2,336,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in POOL. Tortoise Investment Management LLC boosted its position in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. grew its position in Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Pool during the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool during the 2nd quarter valued at $75,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

POOL has been the topic of several research analyst reports. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Stephens dropped their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Bank of America reduced their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company upped their price objective on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $350.00.

Pool Stock Up 2.8 %

Shares of Pool stock opened at $356.02 on Monday. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The business has a fifty day simple moving average of $344.41 and a 200 day simple moving average of $360.44. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The stock has a market cap of $13.62 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $5.89 earnings per share. Research analysts predict that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, August 15th. Pool’s payout ratio is presently 37.56%.

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.