TD Asset Management Inc Has $123.65 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

TD Asset Management Inc boosted its position in shares of Pool Co. (NASDAQ:POOL) by 67.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,447 shares of the specialty retailer’s stock after purchasing an additional 123,387 shares during the period. TD Asset Management Inc owned 0.80% of Pool worth $123,651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of POOL. International Assets Investment Management LLC lifted its holdings in shares of Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after buying an additional 183,288 shares during the last quarter. Norges Bank acquired a new position in shares of Pool during the 4th quarter worth $44,697,000. Epoch Investment Partners Inc. increased its stake in shares of Pool by 711.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock worth $49,208,000 after purchasing an additional 108,207 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Pool by 37.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 332,462 shares of the specialty retailer’s stock valued at $132,556,000 after purchasing an additional 90,145 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Pool by 154.0% in the first quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock worth $50,856,000 after purchasing an additional 75,655 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POOL. Stephens decreased their price target on Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Wells Fargo & Company lowered their price target on Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus reduced their price objective on shares of Pool from $360.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday. Bank of America lowered their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Oppenheimer dropped their target price on shares of Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus price target of $321.75.

Pool Stock Performance

Shares of NASDAQ:POOL traded down $0.19 on Thursday, hitting $336.24. 183,127 shares of the company were exchanged, compared to its average volume of 364,489. The company’s 50 day moving average price is $340.81 and its two-hundred day moving average price is $370.53. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool Co. has a one year low of $293.51 and a one year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. Pool’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 EPS. Research analysts expect that Pool Co. will post 10.94 earnings per share for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a $1.20 dividend. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.43%. Pool’s dividend payout ratio is currently 37.56%.

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.