Pool Co. (NASDAQ:POOL) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 27.3% during the third quarter, HoldingsChannel reports. The fund owned 1,562 shares of the specialty retailer’s stock after purchasing an additional 335 shares during the period. Private Advisor Group LLC’s holdings in Pool were worth $589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in POOL. Tortoise Investment Management LLC increased its stake 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 purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC grew its position in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. raised its stake 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 in the last quarter. Ridgewood Investments LLC purchased a new stake in Pool in the second quarter valued at $74,000. Finally, Summit Securities Group LLC acquired a new position in Pool in the second quarter valued at $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 0.4 %

Shares of NASDAQ:POOL opened at $363.06 on Monday. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.19 and a beta of 1.01. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm’s 50-day simple moving average is $361.17 and its 200-day simple moving average is $352.55. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. As a group, equities research analysts predict that Pool Co. will post 11.01 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

Analysts Set New Price Targets

POOL has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird increased their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday. Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $369.11.

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.