Pool Co. (NASDAQ:POOL) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its stake in shares of Pool Co. (NASDAQ:POOL) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,865 shares of the specialty retailer’s stock after selling 1,225 shares during the quarter. Ensign Peak Advisors Inc owned about 0.51% of Pool worth $60,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC increased its position in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Crewe Advisors LLC increased its position in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. increased its position in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares during the period. Ridgewood Investments LLC acquired a new stake in Pool in the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool in the 2nd quarter valued at approximately $75,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

POOL has been the topic of several analyst reports. Robert W. Baird raised their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America lowered their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Oppenheimer lifted their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus lifted their price target on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Two equities 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Stock Performance

POOL opened at $364.37 on Friday. The firm has a market cap of $13.97 billion, a PE ratio of 28.51, a P/E/G ratio of 2.63 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $350.22 and a 200-day simple moving average of $359.48. 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 EPS for the quarter, topping the consensus estimate of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.89 earnings per share. As a group, equities analysts predict that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.