Pacer Advisors Inc. Increases Stake in Pool Co. (NASDAQ:POOL)

Pacer Advisors Inc. raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 13.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,560 shares of the specialty retailer’s stock after acquiring an additional 419 shares during the quarter. Pacer Advisors Inc.’s holdings in Pool were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Pool by 221.6% in the first quarter. UMB Bank n.a. now owns 164 shares of the specialty retailer’s stock worth $66,000 after acquiring an additional 113 shares during the period. Ridgewood Investments LLC purchased a new position in Pool during the 2nd quarter valued at about $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool during the second quarter valued at approximately $75,000. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.6 %

Shares of POOL opened at $372.54 on Friday. The firm has a market cap of $14.28 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.70 and a beta of 1.00. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The stock has a 50 day simple moving average of $354.01 and a two-hundred day simple moving average of $358.45. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88.

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

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $1.20 dividend. 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Oppenheimer raised 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. Bank of America cut their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Pool from $365.00 to $415.00 and gave the company 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $350.00.

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.