Intech Investment Management LLC Acquires New Stake in Pool Co. (NASDAQ:POOL)

Intech Investment Management LLC bought a new position in shares of Pool Co. (NASDAQ:POOL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 537 shares of the specialty retailer’s stock, valued at approximately $202,000.

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

Analyst Ratings Changes

A number of brokerages recently commented on POOL. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the stock 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, November 2nd. Stifel Nicolaus lifted their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Oppenheimer increased their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Stock Down 0.4 %

NASDAQ:POOL opened at $372.93 on Friday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $367.69 and its two-hundred day moving average is $352.77. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during 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%. Pool’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. Research analysts anticipate that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is currently 41.31%.

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.