The Manufacturers Life Insurance Company Trims Stake in Pool Co. (NASDAQ:POOL)

The Manufacturers Life Insurance Company trimmed its position in Pool Co. (NASDAQ:POOL) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,461 shares of the specialty retailer’s stock after selling 158 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Pool worth $8,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the period. Toronto Dominion Bank boosted its position in shares of Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares in the last quarter. Torray Investment Partners LLC grew its stake in shares of Pool by 16.8% in the 2nd quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after buying an additional 2,034 shares during the last quarter. Versor Investments LP bought a new position in Pool during the 3rd quarter valued at approximately $720,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Pool by 477.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,238 shares of the specialty retailer’s stock valued at $3,761,000 after buying an additional 10,118 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on POOL shares. Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their target price 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 increased their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and an average target price of $369.11.

Pool Price Performance

NASDAQ POOL opened at $376.34 on Wednesday. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 2.28 and a beta of 1.01. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The business’s fifty day moving average price is $367.44 and its 200-day moving average price is $352.44.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company posted $3.50 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.