Pool Co. (NASDAQ:POOL) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its position in Pool Co. (NASDAQ:POOLGet Rating) by 29.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 40,280 shares of the specialty retailer’s stock after purchasing an additional 9,057 shares during the period. Bank of Montreal Can owned about 0.10% of Pool worth $14,256,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Pool by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,512,465 shares of the specialty retailer’s stock valued at $1,908,095,000 after acquiring an additional 80,027 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Pool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,424,510 shares of the specialty retailer’s stock worth $1,870,904,000 after purchasing an additional 12,654 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Pool by 14.7% during the 1st quarter. Select Equity Group L.P. now owns 966,232 shares of the specialty retailer’s stock worth $408,571,000 after purchasing an additional 123,545 shares during the last quarter. Findlay Park Partners LLP lifted its stake in Pool by 18.5% in the 1st quarter. Findlay Park Partners LLP now owns 538,044 shares of the specialty retailer’s stock valued at $227,512,000 after buying an additional 83,986 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Pool by 42,184.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 463,443 shares of the specialty retailer’s stock valued at $1,096,000 after buying an additional 462,347 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Pool from $431.00 to $368.00 and set a “hold” rating on the stock in a research report on Thursday, October 20th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Stephens cut their price objective on shares of Pool from $400.00 to $340.00 in a research report on Wednesday, October 19th. The Goldman Sachs Group decreased their target price on shares of Pool from $410.00 to $360.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Finally, Stifel Nicolaus lowered their target price on shares of Pool from $415.00 to $355.00 in a research note on Tuesday, October 18th. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $397.50.

Pool Stock Performance

Shares of POOL stock opened at $326.43 on Wednesday. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.71 and a beta of 0.81. The company has a 50 day moving average price of $317.20 and a 200 day moving average price of $352.63. Pool Co. has a one year low of $278.10 and a one year high of $572.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 2.98.

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

Pool Announces Dividend

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 paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Wednesday, November 9th. Pool’s dividend payout ratio is currently 20.54%.

Pool Profile

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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.

See Also

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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