Pool Co. (NASDAQ:POOL) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,138 shares of the specialty retailer’s stock after selling 423 shares during the quarter. Eagle Asset Management Inc.’s holdings in Pool were worth $3,777,000 at the end of the most recent quarter.

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

Pool Stock Up 0.6 %

Shares of NASDAQ:POOL opened at $366.49 on Monday. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company’s fifty day moving average is $365.93 and its two-hundred day moving average is $352.29. 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 stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 earnings per share. Equities analysts anticipate that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Loop Capital raised their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company lifted their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $369.11.

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.