Pool Co. (NASDAQ:POOL) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its stake in Pool Co. (NASDAQ:POOL) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 854,709 shares of the specialty retailer’s stock after buying an additional 11,059 shares during the period. Pool accounts for approximately 0.8% of Blair William & Co. IL’s investment portfolio, making the stock its 27th largest holding. Blair William & Co. IL owned 2.23% of Pool worth $262,678,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC increased its holdings in shares of 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 acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its stake in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. increased its stake in shares of Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Pool during the second quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the second quarter worth approximately $75,000. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Up 3.7 %

Pool stock opened at $371.86 on Wednesday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm’s 50 day moving average price is $347.01 and its two-hundred day moving average price is $359.93. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.54 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 issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $5.89 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, research analysts predict that Pool Co. will post 10.99 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 $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s payout ratio is 37.56%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on POOL. Robert W. Baird lifted their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Oppenheimer lifted their price objective on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America decreased their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company upped their price target on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.