Pool Co. (NASDAQ:POOL) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its stake in Pool Co. (NASDAQ:POOL) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 394 shares of the specialty retailer’s stock after selling 71 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Pool were worth $148,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC grew its stake in shares of Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. boosted its holdings in Pool by 26.2% in the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Pool in the second quarter valued at about $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the second quarter valued at about $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer increased their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Trading Down 0.5 %

NASDAQ:POOL opened at $376.83 on Thursday. The company has a market cap of $14.34 billion, a PE ratio of 32.58, a P/E/G ratio of 2.37 and a beta of 1.01. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $366.69 and its two-hundred day moving average is $352.35.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. On average, analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is 41.31%.

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.