Concurrent Investment Advisors LLC Buys 7,981 Shares of Pool Co. (NASDAQ:POOL)

Concurrent Investment Advisors LLC raised its stake in Pool Co. (NASDAQ:POOL) by 597.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,316 shares of the specialty retailer’s stock after acquiring an additional 7,981 shares during the period. Concurrent Investment Advisors LLC’s holdings in Pool were worth $2,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after buying an additional 183,288 shares during the last quarter. Mather Group LLC. purchased a new stake in Pool in the 4th quarter valued at about $201,000. Kestra Private Wealth Services LLC bought a new position in shares of Pool during the fourth quarter valued at approximately $461,000. Savant Capital LLC bought a new position in shares of Pool during the fourth quarter valued at approximately $217,000. Finally, Natixis Advisors L.P. boosted its stake in shares of Pool by 3.3% during the fourth quarter. Natixis Advisors L.P. now owns 30,550 shares of the specialty retailer’s stock valued at $12,180,000 after purchasing an additional 978 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Price Performance

Shares of NASDAQ:POOL traded up $0.80 during midday trading on Friday, reaching $351.62. 454,875 shares of the company’s stock traded hands, compared to its average volume of 365,389. The company has a fifty day simple moving average of $336.93 and a two-hundred day simple moving average of $363.57. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a market cap of $13.48 billion, a P/E ratio of 27.51, a PEG ratio of 2.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. During the same quarter last year, the business earned $5.89 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts predict that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. Pool’s payout ratio is currently 37.56%.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research reports. Robert W. Baird lifted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Loop Capital cut their price target on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Stephens cut their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group raised their target price on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $350.00.

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.