Pool Co. (NASDAQ:POOL) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Pool Co. (NASDAQ:POOL) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 2,102,921 shares of the specialty retailer’s stock after purchasing an additional 33,955 shares during the period. Pool makes up approximately 1.6% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 15th largest position. Kayne Anderson Rudnick Investment Management LLC owned about 0.05% of Pool worth $646,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its position in shares of Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after buying an additional 11,059 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Pool by 9.6% during the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock worth $211,839,000 after purchasing an additional 45,953 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after purchasing an additional 37,598 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Pool by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after buying an additional 12,152 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Down 2.1 %

NASDAQ POOL opened at $364.37 on Friday. 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 capitalization of $13.94 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.63 and a beta of 1.00. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The firm has a 50-day moving average price of $350.22 and a 200 day moving average price of $359.82.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted $5.89 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts expect 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. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s payout ratio is currently 37.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on POOL shares. Bank of America reduced their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Oppenheimer upped their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group lifted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their target price on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, Robert W. Baird boosted their price target on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $350.00.

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.