Assetmark Inc. Buys 74 Shares of Pool Co. (NASDAQ:POOL)

Assetmark Inc. raised its stake in shares of Pool Co. (NASDAQ:POOL) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 739 shares of the specialty retailer’s stock after purchasing an additional 74 shares during the period. Assetmark Inc.’s holdings in Pool were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Pool by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after purchasing an additional 33,955 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after buying an additional 11,059 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Pool by 26.6% during the 2nd 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 in the last quarter. American Century Companies Inc. lifted its holdings in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after acquiring an additional 37,598 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Pool by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after acquiring an additional 12,152 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.5 %

Shares of POOL opened at $359.42 on Friday. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a 50-day moving average of $364.43 and a 200 day moving average of $352.37.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, research analysts expect that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Stifel Nicolaus boosted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Robert W. Baird upped their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One 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. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $369.11.

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.