Blueshift Asset Management LLC Sells 3,794 Shares of Pool Co. (NASDAQ:POOL)

Blueshift Asset Management LLC reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 79.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the specialty retailer’s stock after selling 3,794 shares during the quarter. Blueshift Asset Management LLC’s holdings in Pool were worth $377,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Pool in the 3rd quarter worth about $31,000. Tortoise Investment Management LLC lifted its stake in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its stake in Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 43 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Pool during the second quarter valued at approximately $74,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on POOL. Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Stifel Nicolaus raised their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Price Performance

Shares of POOL opened at $376.83 on Friday. 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 company has a 50 day moving average price of $366.85 and a 200-day moving average price of $352.52. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market capitalization of $14.34 billion, a PE ratio of 32.43, a PEG ratio of 2.29 and a beta of 1.01.

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

Pool Dividend Announcement

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

About Pool

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.