SG Americas Securities LLC Lowers Stock Position in Pool Co. (NASDAQ:POOL)

SG Americas Securities LLC trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 79.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,954 shares of the specialty retailer’s stock after selling 7,693 shares during the period. SG Americas Securities LLC’s holdings in Pool were worth $736,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Pool by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after acquiring an additional 33,955 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after purchasing an additional 11,059 shares during the period. Wasatch Advisors LP increased its position in shares of Pool by 9.6% in the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock worth $211,839,000 after acquiring an additional 45,953 shares in the last quarter. Bank of New York Mellon Corp increased 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 valued at $133,125,000 after purchasing an additional 90,951 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after buying an additional 37,598 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America dropped their target price on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group upped their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer increased their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stephens lowered their price objective on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Finally, Robert W. Baird boosted their target price on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $354.44.

Pool Trading Up 0.8 %

Pool stock opened at $365.28 on Monday. The company’s fifty day moving average price is $356.39 and its two-hundred day moving average price is $355.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.68 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.89 earnings per share. On average, analysts forecast that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. Pool’s payout ratio is 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.