Pool Co. (NASDAQ:POOL) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its position in shares of Pool Co. (NASDAQ:POOL) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,978 shares of the specialty retailer’s stock after selling 292 shares during the period. IFM Investors Pty Ltd’s holdings in Pool were worth $3,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB purchased a new stake in shares of Pool during the first quarter worth about $96,528,000. International Assets Investment Management LLC grew its stake in Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares in the last quarter. TD Asset Management Inc increased its holdings in Pool by 67.4% during the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock worth $123,651,000 after purchasing an additional 123,387 shares during the last quarter. Caledonia Investments PLC acquired a new position in shares of Pool in the 2nd quarter valued at approximately $37,390,000. Finally, Bank of New York Mellon Corp raised its position in shares of Pool by 26.6% in 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. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of POOL opened at $366.00 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market cap of $14.00 billion, a P/E ratio of 30.86, a PEG ratio of 2.57 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 fifty day moving average price of $359.72 and a 200 day moving average price of $352.87.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 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 analyst estimates of $1.40 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. On average, research analysts forecast that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is currently 40.47%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird boosted their price objective on 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. Finally, Oppenheimer upped their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $367.89.

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.