Pool Co. (NASDAQ:POOL) Shares Acquired by ELCO Management Co. LLC

ELCO Management Co. LLC boosted its position in Pool Co. (NASDAQ:POOL) by 70.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,591 shares of the specialty retailer’s stock after purchasing an additional 658 shares during the period. ELCO Management Co. LLC’s holdings in Pool were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position in Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after buying an additional 1,858 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Pool by 58.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,350 shares of the specialty retailer’s stock valued at $2,259,000 after acquiring an additional 2,718 shares in the last quarter. Marshall Wace LLP raised its position in Pool by 143.9% during the second quarter. Marshall Wace LLP now owns 20,584 shares of the specialty retailer’s stock worth $6,326,000 after acquiring an additional 12,144 shares during the last quarter. Bank of Montreal Can grew its position in shares of Pool by 3.6% in the second quarter. Bank of Montreal Can now owns 34,793 shares of the specialty retailer’s stock valued at $10,976,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Pool by 83.2% in the second quarter. Public Sector Pension Investment Board now owns 1,493 shares of the specialty retailer’s stock valued at $459,000 after purchasing an additional 678 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of Pool stock opened at $371.91 on Wednesday. The stock has a market capitalization of $14.23 billion, a P/E ratio of 29.10, a PEG ratio of 2.70 and a beta of 1.00. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. The business’s fifty day moving average price is $351.75 and its 200 day moving average price is $358.52. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last posted 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. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.89 EPS. As a group, research analysts anticipate that Pool Co. will post 10.99 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is 37.56%.

Analysts Set New Price Targets

A number of equities research analysts have commented on POOL shares. Robert W. Baird increased their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stephens reduced their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Loop Capital decreased their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Stifel Nicolaus upped their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group lifted their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $350.00.

About Pool

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.