Cerity Partners LLC Has $852,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

Cerity Partners LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,262 shares of the specialty retailer’s stock after acquiring an additional 101 shares during the period. Cerity Partners LLC’s holdings in Pool were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after buying an additional 137,445 shares during the last quarter. Toronto Dominion Bank grew its holdings in Pool by 16.1% in the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock worth $4,109,000 after purchasing an additional 1,858 shares during the period. Torray Investment Partners LLC grew its holdings in Pool by 16.8% in the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock worth $4,342,000 after purchasing an additional 2,034 shares during the period. Versor Investments LP bought a new stake in Pool in the third quarter valued at $720,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Pool by 477.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,238 shares of the specialty retailer’s stock valued at $3,761,000 after purchasing an additional 10,118 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 0.1 %

Shares of POOL opened at $374.35 on Friday. The firm has a market cap of $14.25 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business has a 50-day moving average of $367.68 and a 200 day moving average of $352.74.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) 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 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 quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, research analysts forecast that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is currently 41.31%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $369.11.

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.