Epoch Investment Partners Inc. lowered its stake in Pool Co. (NASDAQ:POOL – Get Rating) by 11.5% during the fourth quarter, Holdings Channel reports. The firm owned 22,437 shares of the specialty retailer’s stock after selling 2,924 shares during the period. Epoch Investment Partners Inc.’s holdings in Pool were worth $12,699,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of POOL. LPL Financial LLC grew its position in Pool by 13.4% in the third quarter. LPL Financial LLC now owns 10,902 shares of the specialty retailer’s stock valued at $4,736,000 after acquiring an additional 1,287 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Pool by 3.5% in the third quarter. UBS Asset Management Americas Inc. now owns 196,823 shares of the specialty retailer’s stock valued at $85,502,000 after acquiring an additional 6,567 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Pool by 6.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,504 shares of the specialty retailer’s stock valued at $4,813,000 after acquiring an additional 530 shares during the last quarter. Benjamin Edwards Inc. grew its position in Pool by 351.0% in the fourth quarter. Benjamin Edwards Inc. now owns 663 shares of the specialty retailer’s stock valued at $375,000 after acquiring an additional 516 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Pool by 101.8% in the fourth quarter. Private Trust Co. NA now owns 2,002 shares of the specialty retailer’s stock valued at $1,133,000 after acquiring an additional 1,010 shares during the last quarter. Institutional investors own 91.88% of the company’s stock.
A number of research analysts have issued reports on POOL shares. Edward Jones began coverage on Pool in a research report on Tuesday, April 12th. They issued a “hold” rating on the stock. StockNews.com began coverage on Pool in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird cut their price target on Pool from $600.00 to $550.00 in a research note on Friday, April 22nd. Berenberg Bank reissued a “buy” rating and set a $519.00 price target on shares of Pool in a research note on Tuesday, March 8th. Finally, Loop Capital lifted their price target on Pool from $455.00 to $465.00 and gave the company a “hold” rating in a research note on Friday, April 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $539.22.
Pool stock opened at $405.58 on Friday. The stock’s 50 day moving average is $425.31 and its 200 day moving average is $479.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79. The firm has a market cap of $16.25 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.13 and a beta of 0.87. Pool Co. has a one year low of $377.52 and a one year high of $582.27.
Pool (NASDAQ:POOL – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $1.30. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 earnings per share. Equities analysts anticipate that Pool Co. will post 18.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be issued a $1.00 dividend. This is an increase from Pool’s previous quarterly dividend of $0.80. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 13th. Pool’s payout ratio is presently 22.26%.
Pool Profile (Get Rating)
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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