Highland Capital Management LLC bought a new position in Pool Co. (NASDAQ:POOL – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 569 shares of the specialty retailer’s stock, valued at approximately $214,000.
Other institutional investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its holdings 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 worth $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Pool in the 2nd quarter worth about $74,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pool in the 2nd quarter worth about $75,000. Institutional investors own 98.99% of the company’s stock.
Pool Stock Down 3.0 %
POOL stock opened at $366.00 on Monday. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a 50 day moving average of $359.72 and a 200 day moving average of $352.87. The stock has a market capitalization of $14.00 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is 40.47%.
Wall Street Analyst Weigh In
Several research analysts recently commented on POOL shares. Stifel Nicolaus raised their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price target 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $367.89.
Read Our Latest Stock Report on Pool
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.
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