UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 3,268 Shares of Pool Co. (NASDAQ:POOL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Pool Co. (NASDAQ:POOL) by 1.3% in the third quarter, HoldingsChannel reports. The firm owned 260,333 shares of the specialty retailer’s stock after acquiring an additional 3,268 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pool were worth $98,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Pool by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock valued at $646,291,000 after purchasing an additional 33,955 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Pool by 1.3% in the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock valued at $262,678,000 after acquiring an additional 11,059 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Pool by 26.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after acquiring an additional 90,951 shares during the period. American Century Companies Inc. increased its holdings in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after acquiring an additional 37,598 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Pool by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock valued at $105,531,000 after acquiring an additional 12,152 shares during the period. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. 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 report on Monday, October 7th. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One equities research 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, the stock has an average rating of “Hold” and an average price target of $369.11.

Pool Stock Performance

Shares of POOL opened at $377.09 on Monday. The stock has a 50-day moving average of $367.20 and a two-hundred day moving average of $352.33. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock has a market cap of $14.35 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 EPS. As a group, research analysts predict that Pool Co. will post 10.98 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.27%. Pool’s dividend payout ratio (DPR) 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.