Freedom Investment Management Inc. Has $240,000 Holdings in Pool Co. (NASDAQ:POOL)

Freedom Investment Management Inc. trimmed its holdings in Pool Co. (NASDAQ:POOL) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 636 shares of the specialty retailer’s stock after selling 43 shares during the period. Freedom Investment Management Inc.’s holdings in Pool were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Pool during the 3rd quarter valued at $31,000. Tortoise Investment Management LLC raised its position in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Crewe Advisors LLC lifted its stake in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Pool in the 2nd quarter valued at about $74,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $377.09 on Monday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm’s 50 day simple moving average is $367.20 and its 200 day simple moving average is $352.33.

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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the company posted $3.50 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Wells Fargo & Company upped their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird lifted their price objective 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. Finally, Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.