Vanguard Personalized Indexing Management LLC Has $883,000 Holdings in Pool Co. (NASDAQ:POOL)

Vanguard Personalized Indexing Management LLC boosted its holdings in Pool Co. (NASDAQ:POOL) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,944 shares of the specialty retailer’s stock after buying an additional 265 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Pool were worth $883,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its position in Pool by 7.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,217 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 84 shares during the last quarter. Argent Trust Co raised its position in Pool by 5.0% in the second quarter. Argent Trust Co now owns 1,317 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 63 shares during the last quarter. SYSTM Wealth Solutions LLC raised its position in Pool by 12.4% in the second quarter. SYSTM Wealth Solutions LLC now owns 7,826 shares of the specialty retailer’s stock valued at $2,405,000 after purchasing an additional 864 shares during the last quarter. Perennial Investment Advisors LLC raised its position in Pool by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock valued at $375,000 after purchasing an additional 33 shares during the last quarter. Finally, Virtu Financial LLC raised its position in Pool by 31.9% in the second quarter. Virtu Financial LLC now owns 8,253 shares of the specialty retailer’s stock valued at $2,536,000 after purchasing an additional 1,995 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Oppenheimer increased their target price on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America dropped their target price on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Stifel Nicolaus increased their target price on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Loop Capital dropped their target price on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company raised their price objective on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $350.00.

Pool Trading Up 1.0 %

Shares of POOL stock opened at $371.91 on Wednesday. The company has a market cap of $14.25 billion, a P/E ratio of 29.10, a PEG ratio of 2.63 and a beta of 1.00. The stock has a 50 day simple moving average of $351.75 and a two-hundred day simple moving average of $358.52. 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 Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.89 earnings per share. Research analysts forecast that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The firm 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. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. Pool’s payout ratio is currently 37.56%.

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.