Commerce Bank Sells 268 Shares of Pool Co. (NASDAQ:POOL)

Commerce Bank lowered its holdings in Pool Co. (NASDAQ:POOL) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,475 shares of the specialty retailer’s stock after selling 268 shares during the period. Commerce Bank’s holdings in Pool were worth $933,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC raised its stake in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. lifted its holdings in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new position in Pool during the second quarter worth about $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool in the second quarter worth about $75,000. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company upped 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. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Robert W. Baird upped their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus increased their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $369.11.

Pool Trading Up 0.6 %

POOL opened at $366.49 on Monday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a market capitalization of $13.95 billion, a P/E ratio of 31.54, a PEG ratio of 2.21 and a beta of 1.01. The stock’s fifty day moving average is $365.93 and its two-hundred day moving average is $352.29. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last announced its quarterly earnings results 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. The firm had revenue of $1.43 billion during 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 company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 EPS. Analysts forecast that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.31%. Pool’s dividend payout ratio (DPR) is 41.31%.

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.