Healthcare of Ontario Pension Plan Trust Fund Takes $379,000 Position in Pool Co. (NASDAQ:POOL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Pool Co. (NASDAQ:POOL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,005 shares of the specialty retailer’s stock, valued at approximately $379,000.

A number of other institutional investors have also recently bought and sold shares of POOL. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after buying an additional 33,955 shares in the last quarter. Blair William & Co. IL raised its position in shares of Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after purchasing an additional 11,059 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 90,951 shares in the last quarter. American Century Companies Inc. grew its position 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 purchasing an additional 37,598 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Pool by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after purchasing an additional 12,152 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on POOL shares. 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. Wells Fargo & Company increased their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Loop Capital increased their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Trading Down 0.3 %

NASDAQ POOL opened at $375.97 on Tuesday. The company has a market cap of $14.31 billion, a PE ratio of 32.36, a PEG ratio of 2.29 and a beta of 1.01. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock has a 50 day moving average of $367.35 and a 200-day moving average of $352.37. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $3.50 EPS. Pool’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is presently 41.31%.

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.