Healthcare of Ontario Pension Plan Trust Fund Makes New $379,000 Investment in Pool Co. (NASDAQ:POOL)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Pool Co. (NASDAQ:POOL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,005 shares of the specialty retailer’s stock, valued at approximately $379,000.

Several other institutional investors have also made changes to their positions in POOL. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pool by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after acquiring an additional 33,955 shares in the last quarter. Blair William & Co. IL increased its position in shares of Pool by 1.3% in the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after purchasing an additional 11,059 shares during the period. Bank of New York Mellon Corp lifted its position in Pool by 26.6% during the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after purchasing an additional 90,951 shares during the period. American Century Companies Inc. grew its stake in Pool by 9.6% during the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after buying an additional 37,598 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Pool by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock valued at $105,531,000 after buying an additional 12,152 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Pool stock opened at $375.97 on Tuesday. The business has a 50 day moving average of $367.35 and a 200-day moving average of $352.37. The company has a market capitalization of $14.31 billion, a P/E ratio of 32.36, a P/E/G ratio of 2.29 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. On average, equities research analysts predict that Pool Co. will post 10.98 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is presently 41.31%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Robert W. Baird raised their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Loop Capital lifted their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $369.11.

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.