Blueshift Asset Management LLC Sells 3,794 Shares of Pool Co. (NASDAQ:POOL)

Blueshift Asset Management LLC reduced its position in Pool Co. (NASDAQ:POOL) by 79.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the specialty retailer’s stock after selling 3,794 shares during the period. Blueshift Asset Management LLC’s holdings in Pool were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Pool during the 1st quarter valued at about $393,000. Cetera Investment Advisers increased its holdings in Pool by 301.7% during the first quarter. Cetera Investment Advisers now owns 7,058 shares of the specialty retailer’s stock valued at $2,848,000 after buying an additional 5,301 shares during the last quarter. Cetera Advisors LLC raised its position in Pool by 123.9% in the first quarter. Cetera Advisors LLC now owns 1,939 shares of the specialty retailer’s stock worth $782,000 after acquiring an additional 1,073 shares during the period. DekaBank Deutsche Girozentrale raised its position in Pool by 4.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,893 shares of the specialty retailer’s stock worth $12,292,000 after acquiring an additional 1,349 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Pool by 4.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the specialty retailer’s stock worth $588,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL stock opened at $376.83 on Friday. 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 company’s fifty day moving average price is $366.85 and its 200-day moving average price is $352.52. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a market capitalization of $14.34 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. On average, equities analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

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

Wall Street Analyst Weigh In

POOL has been the topic of a number of recent research reports. Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird raised their target price 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, Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.