Scientech Research LLC raised its position in Pool Co. (NASDAQ:POOL – Free Report) by 346.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,383 shares of the specialty retailer’s stock after acquiring an additional 4,954 shares during the period. Scientech Research LLC’s holdings in Pool were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of POOL. Swedbank AB acquired a new stake in Pool in the first quarter valued at approximately $96,528,000. TD Asset Management Inc boosted its stake in Pool by 585.6% in the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after acquiring an additional 156,361 shares in the last quarter. Caledonia Investments PLC acquired a new stake in Pool in the second quarter valued at approximately $37,390,000. Norges Bank acquired a new stake in Pool in the fourth quarter valued at approximately $44,697,000. Finally, Epoch Investment Partners Inc. boosted its stake in Pool by 711.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after acquiring an additional 108,207 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Pool Trading Up 1.2 %
NASDAQ POOL opened at $370.33 on Friday. The company has a market capitalization of $14.19 billion, a PE ratio of 28.98, a P/E/G ratio of 2.70 and a beta of 1.00. The company has a fifty day moving average of $353.13 and a 200 day moving average of $358.65. 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 0.75, a current ratio of 2.48 and a quick ratio of 0.88.
Pool Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.30%. Pool’s payout ratio is 37.56%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on POOL shares. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Robert W. Baird lifted their price objective on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Oppenheimer lifted their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Loop Capital decreased their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $350.00.
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.
Read More
- Five stocks we like better than Pool
- Why Invest in High-Yield Dividend Stocks?
- What Intuitive Machines’ Big NASA Contract Means for Investors
- 10 Best Airline Stocks to Buy
- REITs on the Rise After Rate Cuts: Where to Invest Now
- Airline Stocks – Top Airline Stocks to Buy Now
- Is Viking Therapeutics Ready For Another Surge?
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL – Free Report).
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.