Portside Wealth Group LLC Increases Holdings in Pool Co. (NASDAQ:POOL)

Portside Wealth Group LLC raised its stake in Pool Co. (NASDAQ:POOL) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the specialty retailer’s stock after purchasing an additional 483 shares during the quarter. Portside Wealth Group LLC’s holdings in Pool were worth $1,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its holdings in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the period. Crewe Advisors LLC raised its stake in shares of Pool by 232.4% during 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. lifted its position in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Pool in the second quarter valued at $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool during the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on POOL shares. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. The Goldman Sachs Group upped their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Price Performance

Shares of NASDAQ POOL opened at $371.28 on Friday. The business has a 50 day simple moving average of $362.41 and a 200-day simple moving average of $352.84. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Pool Co. will post 11.01 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

About Pool

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.