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

Swedbank AB reduced its position in shares of Pool Co. (NASDAQ:POOL) by 47.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,187 shares of the specialty retailer’s stock after selling 132,000 shares during the quarter. Swedbank AB owned approximately 0.39% of Pool worth $55,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after acquiring an additional 33,955 shares during the last quarter. Blair William & Co. IL raised its position in Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after purchasing an additional 11,059 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after buying an additional 90,951 shares during the period. American Century Companies Inc. grew its position in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after buying an additional 37,598 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Pool by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock valued at $105,531,000 after buying an additional 12,152 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.6 %

Pool stock opened at $366.49 on Monday. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a market cap of $13.95 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $365.93 and a two-hundred day simple moving average of $352.29.

Pool (NASDAQ:POOL) last announced 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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 earnings per share. Analysts predict that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on POOL. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Wells Fargo & Company lifted their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Loop Capital increased their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.