Aptus Capital Advisors LLC Has $996,000 Stake in Pool Co. (NASDAQ:POOL)

Aptus Capital Advisors LLC reduced its position in shares of Pool Co. (NASDAQ:POOL) by 3.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,644 shares of the specialty retailer’s stock after selling 82 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Pool were worth $996,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Swedbank AB acquired a new position in Pool during the 1st quarter worth approximately $96,528,000. International Assets Investment Management LLC lifted its position in shares of Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares in the last quarter. Caledonia Investments PLC acquired a new position in Pool during the second quarter worth $37,390,000. Bank of New York Mellon Corp grew its position in Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after purchasing an additional 90,951 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its stake in Pool by 58.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 195,741 shares of the specialty retailer’s stock valued at $78,981,000 after buying an additional 72,322 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird increased their price objective 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 target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Stock Up 1.8 %

POOL opened at $357.49 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $363.76 and its 200 day simple moving average is $352.48. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The stock has a market cap of $13.60 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $3.50 EPS. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, research analysts expect that Pool Co. will post 11 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.