Mount Yale Investment Advisors LLC Sells 94 Shares of Pool Co. (NASDAQ:POOL)

Mount Yale Investment Advisors LLC lessened its holdings in Pool Co. (NASDAQ:POOL) by 3.0% during the third quarter, HoldingsChannel.com reports. The firm owned 3,053 shares of the specialty retailer’s stock after selling 94 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Pool were worth $1,151,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of Pool by 154.0% in the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock valued at $50,856,000 after acquiring an additional 75,655 shares in the last quarter. TD Asset Management Inc increased its position in shares of 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. M&G Plc bought a new stake in shares of Pool during the 1st quarter worth approximately $4,436,000. Park Place Capital Corp boosted its holdings in shares of Pool by 173.8% in the 1st quarter. Park Place Capital Corp now owns 824 shares of the specialty retailer’s stock valued at $332,000 after buying an additional 523 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after buying an additional 1,858 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday. The Goldman Sachs Group upped their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $367.89.

Pool Price Performance

Pool stock opened at $366.00 on Friday. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.01. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock’s 50 day moving average is $359.72 and its 200-day moving average is $353.39.

Pool (NASDAQ:POOL) last posted 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. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 EPS. Equities research analysts expect that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

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

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.