Pool Co. (NASDAQ:POOL) Position Lessened by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,838 shares of the specialty retailer’s stock after selling 427 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Pool worth $7,852,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Pool during the third quarter worth about $31,000. Tortoise Investment Management LLC grew its position in Pool by 68.9% in 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 increased 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 valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. raised its holdings 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 valued at $64,000 after buying an additional 43 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Pool during the second quarter worth approximately $74,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

POOL has been the topic of several recent analyst reports. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird raised their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Oppenheimer lifted their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Stock Performance

Shares of POOL opened at $374.35 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a 50-day moving average of $367.68 and a two-hundred day moving average of $352.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.29 and a beta of 1.01.

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

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given 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 41.31%.

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.