Eventide Asset Management LLC Trims Stake in Pool Co. (NASDAQ:POOL)

Eventide Asset Management LLC lowered its stake in Pool Co. (NASDAQ:POOL) by 42.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 164,851 shares of the specialty retailer’s stock after selling 122,226 shares during the quarter. Eventide Asset Management LLC owned approximately 0.43% of Pool worth $62,116,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in POOL. International Assets Investment Management LLC lifted its stake in shares of Pool by 37,863.6% during the 3rd 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 during the period. Caledonia Investments PLC purchased a new position in shares of Pool during the 2nd quarter worth $37,390,000. Bank of New York Mellon Corp lifted its stake in shares of Pool by 26.6% during the 2nd 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. Bridges Investment Management Inc. lifted its stake in shares of Pool by 170.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 68,159 shares of the specialty retailer’s stock worth $20,947,000 after purchasing an additional 42,936 shares during the period. Finally, Swedbank AB lifted its stake in shares of Pool by 17.1% during the 2nd quarter. Swedbank AB now owns 280,187 shares of the specialty retailer’s stock worth $86,110,000 after purchasing an additional 40,960 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 0.5 %

Shares of NASDAQ POOL opened at $376.83 on Friday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a market cap of $14.34 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.29 and a beta of 1.01. 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 has a fifty day moving average price of $366.95 and a 200 day moving average price of $352.69.

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. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $3.50 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts anticipate that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. Pool’s dividend payout ratio is presently 41.31%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on POOL shares. Stifel Nicolaus increased their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird upped their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Pool currently has an average 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.