The Manufacturers Life Insurance Company Sells 158 Shares of Pool Co. (NASDAQ:POOL)

The Manufacturers Life Insurance Company lowered its position in shares of Pool Co. (NASDAQ:POOL) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,461 shares of the specialty retailer’s stock after selling 158 shares during the period. The Manufacturers Life Insurance Company’s holdings in Pool were worth $8,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of 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 boosted its stake in shares of Pool by 232.4% in 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 during the period. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC bought a new stake in Pool during the 2nd quarter valued at approximately $74,000. Finally, Summit Securities Group LLC purchased a new position in Pool in the 2nd quarter worth approximately $75,000. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Up 0.1 %

Shares of POOL stock opened at $376.34 on Wednesday. The company has a market cap of $14.32 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.28 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 stock’s 50 day simple moving average is $367.44 and its two-hundred day simple moving average is $352.44. 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 released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Research analysts predict that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Robert W. Baird boosted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised 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. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.