Bank of Montreal Can Cuts Stock Position in Pool Co. (NASDAQ:POOL)

Bank of Montreal Can trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,741 shares of the specialty retailer’s stock after selling 1,052 shares during the quarter. Bank of Montreal Can’s holdings in Pool were worth $12,570,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of POOL. Associated Banc Corp acquired a new stake in shares of Pool during the third quarter worth about $244,000. Fisher Asset Management LLC increased its stake in Pool by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 166,513 shares of the specialty retailer’s stock worth $62,742,000 after buying an additional 2,689 shares during the period. Cerity Partners LLC lifted its holdings in Pool by 4.7% during the 3rd quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer’s stock worth $852,000 after buying an additional 101 shares in the last quarter. Nicolet Advisory Services LLC boosted its position in Pool by 6.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,774 shares of the specialty retailer’s stock valued at $659,000 after buying an additional 108 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of Pool by 8.1% in the third quarter. Raymond James Trust N.A. now owns 2,273 shares of the specialty retailer’s stock worth $856,000 after acquiring an additional 170 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Trading Up 0.1 %

NASDAQ POOL opened at $377.09 on Monday. The firm’s fifty day moving average is $367.20 and its two-hundred day moving average is $352.33. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The firm has a market cap of $14.35 billion, a PE ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that Pool Co. will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio is presently 41.31%.

Wall Street Analyst Weigh In

Several research firms recently commented on POOL. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price 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. Loop Capital lifted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Robert W. Baird raised their price objective 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Company 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.