Lazard Asset Management LLC Cuts Stock Holdings in Pool Co. (NASDAQ:POOL)

Lazard Asset Management LLC decreased its position in shares of Pool Co. (NASDAQ:POOLGet Rating) by 86.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 727 shares of the specialty retailer’s stock after selling 4,684 shares during the quarter. Lazard Asset Management LLC’s holdings in Pool were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. OLD National Bancorp IN grew its holdings in shares of Pool by 3.8% during the first quarter. OLD National Bancorp IN now owns 757 shares of the specialty retailer’s stock valued at $320,000 after buying an additional 28 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in shares of Pool by 20.6% during the second quarter. Sugarloaf Wealth Management LLC now owns 170 shares of the specialty retailer’s stock valued at $60,000 after buying an additional 29 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in Pool by 2.3% in the second quarter. Foundations Investment Advisors LLC now owns 1,384 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 31 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Pool by 7.2% in the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 32 shares during the last quarter. Finally, B. Riley Wealth Management Inc. boosted its holdings in Pool by 7.5% in the first quarter. B. Riley Wealth Management Inc. now owns 488 shares of the specialty retailer’s stock worth $206,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on POOL. Stephens dropped their target price on shares of Pool from $400.00 to $340.00 in a report on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Pool from $431.00 to $368.00 and set a “hold” rating on the stock in a report on Thursday, October 20th. The Goldman Sachs Group dropped their target price on shares of Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Robert W. Baird dropped their target price on shares of Pool from $398.00 to $368.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. Finally, StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $397.50.

Pool Stock Up 0.7 %

Shares of POOL stock opened at $321.98 on Friday. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.71 and a beta of 0.81. Pool Co. has a one year low of $278.10 and a one year high of $582.27. The company’s fifty day moving average price is $318.12 and its 200-day moving average price is $354.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.98 and a quick ratio of 0.90.

Pool (NASDAQ:POOLGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The specialty retailer reported $4.78 EPS for the quarter, beating the consensus estimate of $4.65 by $0.13. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.60 billion. Pool had a net margin of 12.81% and a return on equity of 65.81%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $4.51 EPS. Sell-side analysts expect that Pool Co. will post 18.71 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, November 10th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 9th. This represents a $4.00 annualized dividend and a dividend yield of 1.24%. Pool’s payout ratio is 20.54%.

About Pool

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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