Ensign Peak Advisors Inc Has $60.50 Million Stock Position in Pool Co. (NASDAQ:POOL)

Ensign Peak Advisors Inc decreased its position in shares of Pool Co. (NASDAQ:POOL) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,865 shares of the specialty retailer’s stock after selling 1,225 shares during the period. Ensign Peak Advisors Inc’s holdings in Pool were worth $60,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of POOL. Tortoise Investment Management LLC grew its stake in shares of Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Pool by 221.6% in the 1st quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock valued at $66,000 after purchasing an additional 113 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Pool in the second quarter worth $74,000. Finally, Summit Securities Group LLC acquired a new position in Pool during the second quarter worth $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on POOL shares. Robert W. Baird boosted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Oppenheimer boosted their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stephens decreased their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Finally, Stifel Nicolaus raised their target price 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $350.00.

Pool Stock Down 2.1 %

NASDAQ POOL opened at $364.37 on Friday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The stock has a market cap of $13.97 billion, a PE ratio of 28.51, a PEG ratio of 2.63 and a beta of 1.00. The firm has a 50-day simple moving average of $350.22 and a 200 day simple moving average of $359.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.89 EPS. On average, research analysts forecast that Pool Co. will post 10.99 EPS for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio is 37.56%.

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.