Axxcess Wealth Management LLC decreased its position in Pool Co. (NASDAQ:POOL – Get Rating) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,351 shares of the specialty retailer’s stock after selling 351 shares during the period. Axxcess Wealth Management LLC’s holdings in Pool were worth $474,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Aaron Wealth Advisors LLC grew its position in Pool by 42,184.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 463,443 shares of the specialty retailer’s stock worth $1,096,000 after purchasing an additional 462,347 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Pool in the first quarter valued at approximately $158,878,000. William Blair Investment Management LLC bought a new position in shares of Pool in the second quarter valued at approximately $106,850,000. Echo Street Capital Management LLC boosted its holdings in shares of Pool by 58.9% in the first quarter. Echo Street Capital Management LLC now owns 445,411 shares of the specialty retailer’s stock valued at $188,342,000 after acquiring an additional 165,171 shares in the last quarter. Finally, Select Equity Group L.P. boosted its holdings in shares of Pool by 14.7% in the first quarter. Select Equity Group L.P. now owns 966,232 shares of the specialty retailer’s stock valued at $408,571,000 after acquiring an additional 123,545 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on POOL shares. The Goldman Sachs Group decreased their price objective on shares of Pool from $410.00 to $360.00 and set a “buy” rating for the company in a report on Friday, October 21st. KeyCorp decreased their price objective on shares of Pool from $465.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, October 21st. Stifel Nicolaus cut their target price on shares of Pool from $415.00 to $355.00 in a research note on Tuesday, October 18th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Finally, Robert W. Baird cut their target price on shares of Pool from $398.00 to $368.00 and set a “neutral” rating for the company in a research note on Friday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average target price of $397.50.
Pool Stock Up 1.8 %
Pool (NASDAQ:POOL – Get Rating) last issued its quarterly earnings results 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 business had revenue of $1.62 billion during 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 firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.51 EPS. As a group, research analysts expect that Pool Co. will post 18.71 earnings per share for the current year.
Pool Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $4.00 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio is presently 20.54%.
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.
- Get a free copy of the StockNews.com research report on Pool (POOL)
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