BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.26 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Pool Co. (NASDAQ:POOL) by 58.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,350 shares of the specialty retailer’s stock after acquiring an additional 2,718 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Pool were worth $2,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its holdings in Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC raised its stake in 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 buying an additional 79 shares during the last quarter. UMB Bank n.a. raised its stake in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Pool in the second quarter valued at $74,000. Finally, Summit Securities Group LLC bought a new stake in Pool during the second quarter valued at $75,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POOL has been the subject of several research analyst reports. Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Stifel Nicolaus lifted their price objective on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Robert W. Baird increased their target price on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company lifted their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research note 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 assigned a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $350.00.

Pool Stock Up 0.6 %

Shares of NASDAQ POOL opened at $372.54 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a 50-day moving average price of $354.01 and a 200-day moving average price of $358.45. The stock has a market capitalization of $14.25 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.73 and a beta of 1.00. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last issued 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. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $5.89 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Announces Dividend

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