International Assets Investment Management LLC Has $51.93 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

International Assets Investment Management LLC lifted its position in Pool Co. (NASDAQ:POOL) by 37,863.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,808 shares of the specialty retailer’s stock after buying an additional 137,445 shares during the quarter. International Assets Investment Management LLC owned about 0.36% of Pool worth $51,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its stake 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 purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the period. Ridgewood Investments LLC bought a new position in shares of Pool during the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pool during the 2nd quarter worth approximately $75,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 3.0 %

POOL opened at $366.00 on Monday. The company’s 50 day moving average is $359.72 and its 200-day moving average is $352.87. The company has a market cap of $14.00 billion, a P/E ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.01. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. Equities research analysts predict that Pool Co. will post 10.98 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors 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 1.31%. Pool’s dividend payout ratio (DPR) is presently 40.47%.

Wall Street Analysts Forecast Growth

POOL has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird lifted their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday. Finally, StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $367.89.

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.