Pool Co. (NASDAQ:POOL) Shares Purchased by Portside Wealth Group LLC

Portside Wealth Group LLC lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,100 shares of the specialty retailer’s stock after buying an additional 483 shares during the period. Portside Wealth Group LLC’s holdings in Pool were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Pool by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after acquiring an additional 33,955 shares during the period. Blair William & Co. IL grew its position in Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after buying an additional 11,059 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 during the period. American Century Companies Inc. raised its position in shares of Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after buying an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Pool by 3.7% in the 2nd 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 during the period. 98.99% of the stock is owned by institutional investors.

Pool Stock Up 0.2 %

POOL stock opened at $371.28 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The firm has a market capitalization of $14.13 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.18 and a beta of 1.01. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company’s 50 day simple moving average is $362.41 and its 200-day simple moving average is $352.84.

Pool (NASDAQ:POOL) last announced its 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. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. As a group, equities research analysts anticipate that Pool Co. will post 11.01 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on POOL. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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 research report on Wednesday, October 16th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Pool has an average 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.