Banque Cantonale Vaudoise Increases Stock Position in Pool Co. (NASDAQ:POOL)

Banque Cantonale Vaudoise lifted its position in Pool Co. (NASDAQ:POOL) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,132 shares of the specialty retailer’s stock after purchasing an additional 418 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Pool were worth $1,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after buying an additional 137,445 shares during the last quarter. Toronto Dominion Bank boosted its stake in Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after buying an additional 1,858 shares during the last quarter. Torray Investment Partners LLC boosted its stake in Pool by 16.8% during the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer’s stock valued at $4,342,000 after buying an additional 2,034 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Pool by 459.3% during the first quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer’s stock valued at $1,099,000 after buying an additional 2,237 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Pool by 81.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,168 shares of the specialty retailer’s stock valued at $1,278,000 after buying an additional 1,419 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Trading Down 0.5 %

Shares of NASDAQ POOL opened at $360.98 on Thursday. 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 business’s 50 day moving average price is $365.35 and its 200-day moving average price is $352.38. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 2.18 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.33%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research reports. 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 research note on Monday, October 7th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus upped their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $369.11.

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.