Canandaigua National Bank & Trust Co. Sells 137 Shares of Pool Co. (NASDAQ:POOL)

Canandaigua National Bank & Trust Co. decreased its stake in Pool Co. (NASDAQ:POOL) by 17.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 654 shares of the specialty retailer’s stock after selling 137 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Pool were worth $246,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in POOL. Czech National Bank increased its stake in shares of Pool by 6.7% in the third quarter. Czech National Bank now owns 7,793 shares of the specialty retailer’s stock worth $2,936,000 after purchasing an additional 489 shares in the last quarter. Cim LLC increased its stake in shares of Pool by 4.8% in the second quarter. Cim LLC now owns 2,907 shares of the specialty retailer’s stock worth $893,000 after purchasing an additional 133 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Pool in the second quarter worth about $3,762,000. Aurora Investment Counsel increased its stake in shares of Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 30 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Pool by 6.6% in the second quarter. Cetera Investment Advisers now owns 7,522 shares of the specialty retailer’s stock worth $2,312,000 after purchasing an additional 464 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 2.0 %

Shares of POOL opened at $363.91 on Friday. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.73 and a beta of 1.01. 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. The firm has a 50 day moving average price of $356.65 and a 200-day moving average price of $357.13.

Pool (NASDAQ:POOL) last announced its quarterly earnings data 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 firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.89 EPS. As a group, equities research analysts forecast that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. Pool’s dividend payout ratio is currently 37.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Loop Capital reduced their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Stifel Nicolaus boosted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. The Goldman Sachs Group boosted their price objective on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer boosted 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. Finally, Robert W. Baird boosted their price objective on shares of Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.