M&T Bank Corp Buys 3,613 Shares of Pool Co. (NASDAQ:POOL)

M&T Bank Corp raised its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 174.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,689 shares of the specialty retailer's stock after acquiring an additional 3,613 shares during the period. M&T Bank Corp's holdings in Pool were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in Pool in the third quarter worth about $31,000. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its holdings 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. increased its position 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 during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in Pool during the 2nd quarter valued at $74,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on POOL shares. Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. Wells Fargo & Company increased their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pool presently has an average rating of "Hold" and an average price target of $369.25.

Pool Trading Down 1.8 %

Shares of Pool stock traded down $6.59 on Friday, hitting $362.95. 361,259 shares of the company traded hands, compared to its average volume of 317,511. 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 company has a market cap of $13.81 billion, a PE ratio of 31.23, a PEG ratio of 2.20 and a beta of 1.01. The stock's 50 day moving average price is $367.75 and its 200-day moving average price is $353.00. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. The business 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 business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. Equities research analysts predict that Pool Co. will post 11.02 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, November 13th. Pool's dividend payout ratio (DPR) is 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.