Entropy Technologies LP Sells 7,197 Shares of Pool Co. (NASDAQ:POOL)

Entropy Technologies LP reduced its position in shares of Pool Co. (NASDAQ:POOL) by 92.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 569 shares of the specialty retailer’s stock after selling 7,197 shares during the quarter. Entropy Technologies LP’s holdings in Pool were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in Pool during the 3rd quarter valued at $720,000. Venturi Wealth Management LLC raised its holdings in Pool by 57.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 395 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Pool by 46.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,633 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 521 shares in the last quarter. Sigma Planning Corp raised its holdings in Pool by 17.8% in the 3rd quarter. Sigma Planning Corp now owns 1,853 shares of the specialty retailer’s stock worth $698,000 after purchasing an additional 280 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in Pool by 8.6% in the 3rd quarter. Atria Investments Inc now owns 14,583 shares of the specialty retailer’s stock worth $5,495,000 after purchasing an additional 1,151 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of POOL stock opened at $359.42 on Monday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company’s 50-day moving average is $364.43 and its 200 day moving average is $352.32. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $3.50 EPS. Pool’s revenue for the quarter was down 2.8% on a year-over-year basis. Sell-side analysts expect that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is presently 41.31%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital upped their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $369.11.

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.