National Bank of Canada FI Has $5.87 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

National Bank of Canada FI lifted its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 46.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,576 shares of the specialty retailer's stock after acquiring an additional 4,954 shares during the period. National Bank of Canada FI's holdings in Pool were worth $5,869,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in POOL. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of 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 stake in shares of Pool by 1.3% during the second quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer's stock valued at $262,678,000 after purchasing an additional 11,059 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Pool by 0.6% in the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock worth $213,020,000 after acquiring an additional 3,428 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Pool by 26.6% in the second quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer's stock worth $133,125,000 after buying an additional 90,951 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Pool by 9.6% during the second quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer's stock valued at $132,244,000 after buying an additional 37,598 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on POOL shares. Loop Capital boosted their price objective on shares of Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Robert W. Baird lifted their price target on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lifted their price target on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $369.25.

Pool Price Performance

Shares of NASDAQ POOL traded down $6.59 during mid-day trading on Friday, reaching $362.95. The company had a trading volume of 344,982 shares, compared to its average volume of 345,691. The company has a 50-day moving average price of $367.77 and a two-hundred day moving average price of $353.01. The stock has a market cap of $13.81 billion, a PE ratio of 31.18, a P/E/G ratio of 2.27 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 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last issued 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. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 earnings per share. On average, equities analysts anticipate that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, November 13th. Pool's dividend payout ratio is presently 41.31%.

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.