Swedbank AB Reduces Holdings in Pool Co. (NASDAQ:POOL)

Swedbank AB trimmed its holdings in Pool Co. (NASDAQ:POOL) by 47.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,187 shares of the specialty retailer’s stock after selling 132,000 shares during the quarter. Swedbank AB’s holdings in Pool were worth $55,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its holdings 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 worth $51,926,000 after purchasing an additional 137,445 shares during the period. Toronto Dominion Bank boosted its holdings in Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after acquiring an additional 1,858 shares in the last quarter. Torray Investment Partners LLC grew its stake in shares of Pool by 16.8% during the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after acquiring an additional 2,034 shares during the last quarter. Versor Investments LP acquired a new position in shares of Pool during the third quarter valued at about $720,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Pool by 477.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,238 shares of the specialty retailer’s stock valued at $3,761,000 after purchasing an additional 10,118 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Stifel Nicolaus raised their price objective 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. Wells Fargo & Company boosted their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. 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 research report on Wednesday, October 16th. Finally, Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Stock Performance

POOL opened at $366.49 on Monday. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.22 and a beta of 1.01. The firm’s fifty day simple moving average is $365.93 and its two-hundred day simple 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 Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. Equities analysts anticipate that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Dividend Announcement

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 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 presently 41.31%.

Pool 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.