Ballentine Partners LLC Sells 55 Shares of Pool Co. (NASDAQ:POOL)

Ballentine Partners LLC decreased its position in Pool Co. (NASDAQ:POOL) by 7.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 639 shares of the specialty retailer’s stock after selling 55 shares during the quarter. Ballentine Partners LLC’s holdings in Pool were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of POOL. Swedbank AB purchased a new position in Pool in the 1st quarter worth approximately $96,528,000. International Assets Investment Management LLC increased its stake in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares during the period. TD Asset Management Inc increased its stake in shares of Pool by 67.4% during the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after buying an additional 123,387 shares during the period. Caledonia Investments PLC purchased a new position in shares of Pool during the second quarter valued at approximately $37,390,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after buying an additional 90,951 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on POOL shares. Oppenheimer lifted their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Stock Down 2.0 %

Pool stock opened at $362.36 on Wednesday. The stock has a market cap of $13.86 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The stock has a fifty day moving average of $360.21 and a 200 day moving average of $352.80.

Pool (NASDAQ:POOL) last posted its quarterly earnings data 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. As a group, sell-side analysts predict that Pool Co. will post 11.02 EPS for the current year.

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.