Virtu Financial LLC Has $2.54 Million Position in Pool Co. (NASDAQ:POOL)

Virtu Financial LLC raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 31.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,253 shares of the specialty retailer’s stock after purchasing an additional 1,995 shares during the quarter. Virtu Financial LLC’s holdings in Pool were worth $2,536,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in POOL. Tortoise Investment Management LLC lifted its holdings 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 purchasing an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its stake in Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. boosted its holdings in Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Pool in the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pool in the second quarter valued at about $75,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

POOL has been the subject of a number of recent analyst reports. Bank of America reduced their price objective on shares of Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Loop Capital decreased their price target on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird lifted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Wells Fargo & Company upped their price objective on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $350.00.

Pool Trading Up 3.7 %

Shares of POOL opened at $371.86 on Wednesday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The business has a 50-day moving average of $347.01 and a 200 day moving average of $359.93. The firm has a market cap of $14.25 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $5.89 earnings per share. As a group, research analysts forecast that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. Pool’s dividend payout ratio is currently 37.56%.

Pool 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.