Pittenger & Anderson Inc. Sells 1,151 Shares of Pool Co. (NASDAQ:POOL)

Pittenger & Anderson Inc. decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 67.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 545 shares of the specialty retailer’s stock after selling 1,151 shares during the period. Pittenger & Anderson Inc.’s holdings in Pool were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. bought a new position in shares of Pool in the third quarter valued at approximately $248,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Pool by 4.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,242 shares of the specialty retailer’s stock valued at $1,222,000 after acquiring an additional 130 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Pool by 10.5% in the third quarter. Van ECK Associates Corp now owns 9,029 shares of the specialty retailer’s stock valued at $3,166,000 after acquiring an additional 858 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Pool by 166.3% in the third quarter. Harbor Capital Advisors Inc. now owns 4,876 shares of the specialty retailer’s stock valued at $1,837,000 after acquiring an additional 3,045 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Pool by 0.9% in the third quarter. Conestoga Capital Advisors LLC now owns 94,698 shares of the specialty retailer’s stock valued at $35,682,000 after acquiring an additional 853 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 2.6 %

Shares of POOL opened at $369.29 on Wednesday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a market cap of $14.05 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The firm’s 50-day simple moving average is $361.58 and its 200 day simple moving average is $352.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

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, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that Pool Co. will post 11.01 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. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.30%. Pool’s payout ratio is presently 41.31%.

Analysts Set New Price Targets

A number of analysts recently weighed in on POOL shares. Robert W. Baird raised their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus raised 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. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $369.11.

About Pool

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.