Acadian Asset Management LLC Purchases 487 Shares of Pool Co. (NASDAQ:POOL)

Acadian Asset Management LLC lifted its holdings in Pool Co. (NASDAQ:POOL) by 115.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 908 shares of the specialty retailer’s stock after acquiring an additional 487 shares during the quarter. Acadian Asset Management LLC’s holdings in Pool were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of POOL. Nordea Investment Management AB lifted its holdings in shares of Pool by 154.0% during the 1st quarter. Nordea Investment Management AB now owns 124,784 shares of the specialty retailer’s stock worth $50,856,000 after acquiring an additional 75,655 shares during the period. TD Asset Management Inc grew its holdings in shares of Pool by 67.4% during the 1st quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer’s stock valued at $123,651,000 after purchasing an additional 123,387 shares during the last quarter. M&G Plc bought a new stake in shares of Pool during the first quarter worth $4,436,000. Park Place Capital Corp increased its holdings in shares of Pool by 173.8% during the first quarter. Park Place Capital Corp now owns 824 shares of the specialty retailer’s stock worth $332,000 after buying an additional 523 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Pool by 93.5% in the 4th quarter. Franklin Resources Inc. now owns 15,875 shares of the specialty retailer’s stock valued at $6,330,000 after acquiring an additional 7,672 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America reduced their target price on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a 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 note on Tuesday, June 25th. Robert W. Baird lifted their price objective on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $350.00.

Pool Stock Performance

NASDAQ:POOL opened at $372.09 on Friday. The firm has a market capitalization of $14.26 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.54 and a beta of 1.00. The company has a fifty day moving average of $349.50 and a 200-day moving average of $360.08. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

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

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is 37.56%.

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.