Advisor OS LLC Increases Holdings in Pool Co. (NASDAQ:POOL)

Advisor OS LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,717 shares of the specialty retailer’s stock after acquiring an additional 40 shares during the quarter. Advisor OS LLC’s holdings in Pool were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of POOL. M&T Bank Corp boosted its stake in shares of Pool by 7.2% during the 4th quarter. M&T Bank Corp now owns 1,883 shares of the specialty retailer’s stock worth $751,000 after acquiring an additional 127 shares in the last quarter. National Bank of Canada FI lifted its stake in Pool by 504.4% in the 4th quarter. National Bank of Canada FI now owns 9,114 shares of the specialty retailer’s stock valued at $3,538,000 after buying an additional 7,606 shares in the last quarter. Private Advisor Group LLC lifted its stake in Pool by 21.4% in the 4th quarter. Private Advisor Group LLC now owns 1,071 shares of the specialty retailer’s stock valued at $427,000 after buying an additional 189 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Pool by 223.2% in the 4th quarter. Apollon Wealth Management LLC now owns 2,692 shares of the specialty retailer’s stock valued at $1,074,000 after buying an additional 1,859 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Pool by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,844 shares of the specialty retailer’s stock valued at $133,904,000 after buying an additional 8,102 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Stephens reduced their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Robert W. Baird upped their target price on Pool from $305.00 to $377.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Oppenheimer boosted their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price target on Pool from $310.00 to $335.00 and gave the company a “hold” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $350.00.

Pool Trading Down 0.2 %

POOL stock opened at $341.37 on Friday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.58 and a beta of 1.00. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $339.81 and a 200-day simple moving average of $362.16. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.89 EPS. On average, equities research analysts expect that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.41%. Pool’s payout ratio is 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.