Public Employees Retirement System of Ohio Lowers Position in Pool Co. (NASDAQ:POOL)

Public Employees Retirement System of Ohio decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,203 shares of the specialty retailer’s stock after selling 765 shares during the period. Public Employees Retirement System of Ohio’s holdings in Pool were worth $5,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in POOL. Brooklyn Investment Group bought a new stake in shares of Pool during the 3rd quarter valued at about $31,000. Tortoise Investment Management LLC grew its stake in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC raised its position 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 in the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Pool in the second quarter worth $74,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Robert W. Baird upped their price objective on shares of 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, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $369.25.

Pool Stock Performance

Shares of POOL stock opened at $362.95 on Friday. The company has a market capitalization of $13.81 billion, a P/E ratio of 31.23, a PEG ratio of 2.27 and a beta of 1.01. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. 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 50 day moving average price of $367.75 and a two-hundred day moving average price of $352.98.

Pool (NASDAQ:POOL) last posted its quarterly 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 analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. Analysts expect that Pool Co. will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s payout ratio is presently 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.