Mutual of America Capital Management LLC Sells 122 Shares of Pool Co. (NASDAQ:POOL)

Mutual of America Capital Management LLC lowered its position in Pool Co. (NASDAQ:POOL) by 2.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,715 shares of the specialty retailer’s stock after selling 122 shares during the period. Mutual of America Capital Management LLC’s holdings in Pool were worth $1,777,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its position in shares of Pool by 10.9% in the 3rd quarter. Natixis Advisors LLC now owns 54,876 shares of the specialty retailer’s stock worth $20,677,000 after acquiring an additional 5,402 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Pool by 411.4% in the third quarter. Mizuho Securities USA LLC now owns 15,128 shares of the specialty retailer’s stock worth $5,700,000 after purchasing an additional 12,170 shares in the last quarter. Empirical Finance LLC lifted its stake in Pool by 3.7% in the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock valued at $416,000 after buying an additional 39 shares during the period. Royce & Associates LP boosted its holdings in shares of Pool by 1.4% during the 3rd quarter. Royce & Associates LP now owns 59,644 shares of the specialty retailer’s stock worth $22,474,000 after buying an additional 838 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Pool by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 5,601 shares of the specialty retailer’s stock worth $2,110,000 after buying an additional 423 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on POOL. Loop Capital increased their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus price target of $369.11.

Pool Stock Performance

POOL stock opened at $366.49 on Monday. The business has a 50 day moving average of $365.93 and a 200-day moving average of $352.29. The firm has a market cap of $13.95 billion, a PE ratio of 31.54, a P/E/G ratio of 2.21 and a beta of 1.01. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, sell-side analysts expect that Pool Co. will post 11 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.