Entropy Technologies LP Sells 7,197 Shares of Pool Co. (NASDAQ:POOL)

Entropy Technologies LP lowered its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 92.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 569 shares of the specialty retailer's stock after selling 7,197 shares during the period. Entropy Technologies LP's holdings in Pool were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of POOL. International Assets Investment Management LLC increased its position in Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer's stock valued at $51,926,000 after buying an additional 137,445 shares in the last quarter. Toronto Dominion Bank raised its holdings in Pool by 16.1% during the second quarter. Toronto Dominion Bank now owns 13,369 shares of the specialty retailer's stock worth $4,109,000 after buying an additional 1,858 shares during the last quarter. Torray Investment Partners LLC raised its holdings in Pool by 16.8% during the second quarter. Torray Investment Partners LLC now owns 14,128 shares of the specialty retailer's stock worth $4,342,000 after buying an additional 2,034 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of Pool by 459.3% in the first quarter. UniSuper Management Pty Ltd now owns 2,724 shares of the specialty retailer's stock valued at $1,099,000 after buying an additional 2,237 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Pool by 81.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,168 shares of the specialty retailer's stock worth $1,278,000 after acquiring an additional 1,419 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Price Performance

Shares of NASDAQ POOL traded up $1.42 during midday trading on Monday, hitting $360.84. 341,774 shares of the company's stock were exchanged, compared to its average volume of 348,048. The business's fifty day moving average price is $364.43 and its two-hundred day moving average price is $352.32. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.18 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. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $3.50 EPS. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool's payout ratio is currently 41.31%.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Loop Capital boosted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Robert W. Baird increased their target price on shares of Pool from $377.00 to $408.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Stifel Nicolaus upped their price objective on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upped their price target on Pool from $365.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.