Pool Co. (NASDAQ:POOL) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 192,384 shares of the specialty retailer’s stock after selling 3,605 shares during the period. Nordea Investment Management AB’s holdings in Pool were worth $65,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Pool by 37,863.6% during the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after acquiring an additional 137,445 shares during the last quarter. Toronto Dominion Bank raised its stake in Pool by 16.1% in the 2nd quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer’s stock valued at $4,109,000 after purchasing an additional 1,858 shares during the last quarter. Versor Investments LP purchased a new position in Pool in the 3rd quarter valued at $720,000. Parnassus Investments LLC boosted its stake in Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Pool by 1.7% during the third quarter. Sumitomo Life Insurance Co. now owns 5,121 shares of the specialty retailer’s stock worth $1,930,000 after buying an additional 85 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on POOL. Stifel Nicolaus boosted 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. Loop Capital upped their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Robert W. Baird upped 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. Finally, Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $369.25.

Pool Stock Down 1.4 %

Shares of NASDAQ:POOL opened at $327.97 on Wednesday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.20 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The business has a 50-day moving average price of $360.75 and a 200 day moving average price of $352.77. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 EPS. Sell-side analysts expect that Pool Co. will post 11.02 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.20 dividend. 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 1.46%. Pool’s payout ratio is presently 41.31%.

Pool Company 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.