MML Investors Services LLC Acquires 235 Shares of Pool Co. (NASDAQ:POOL)

MML Investors Services LLC boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,342 shares of the specialty retailer’s stock after purchasing an additional 235 shares during the period. MML Investors Services LLC’s holdings in Pool were worth $2,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Pool during the third quarter valued at approximately $31,000. Tortoise Investment Management LLC raised its holdings 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 in the last quarter. Crewe Advisors LLC lifted its position in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. boosted its stake in shares of Pool by 26.2% during the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Pool during the second quarter valued at about $74,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on POOL shares. Wells Fargo & Company raised their price objective 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. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird upped their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Trading Down 1.8 %

NASDAQ POOL opened at $362.95 on Monday. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. 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 moving average price is $367.75 and its 200-day moving average price is $353.00. The stock has a market cap of $13.81 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion during 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%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $3.50 EPS. As a group, equities analysts forecast that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 dividend on an annualized basis and a yield of 1.32%. Pool’s payout ratio is currently 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.