CIBC Private Wealth Group LLC Buys 1,725 Shares of Pool Co. (NASDAQ:POOL)

CIBC Private Wealth Group LLC grew its stake in shares of Pool Co. (NASDAQ:POOLFree Report) by 75.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,998 shares of the specialty retailer’s stock after purchasing an additional 1,725 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Pool were worth $1,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Pool by 3.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock valued at $657,077,000 after buying an additional 63,413 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after purchasing an additional 313,190 shares during the period. Invesco Ltd. grew its stake in shares of Pool by 22.0% in the third quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after purchasing an additional 114,298 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Pool by 10.9% during the 3rd quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock valued at $216,038,000 after purchasing an additional 59,757 shares during the period. Finally, Northern Trust Corp raised its position in Pool by 8.2% during the 3rd quarter. Northern Trust Corp now owns 442,142 shares of the specialty retailer’s stock valued at $157,447,000 after purchasing an additional 33,664 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL stock opened at $340.86 on Friday. The company’s fifty day moving average price is $370.65 and its 200-day moving average price is $380.29. The stock has a market cap of $13.07 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a 12 month low of $308.45 and a 12 month high of $422.73.

Pool (NASDAQ:POOLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company posted $2.46 EPS. Pool’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities analysts expect that Pool Co. will post 13.02 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.41%. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s payout ratio is 37.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TheStreet lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Stifel Nicolaus cut their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Finally, Oppenheimer decreased their price objective on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $391.80.

Check Out Our Latest Report on Pool

Pool Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOLFree Report).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.