Ontario Teachers Pension Plan Board Sells 2,131 Shares of Pool Co. (NASDAQ:POOL)

Ontario Teachers Pension Plan Board trimmed its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 54.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,766 shares of the specialty retailer's stock after selling 2,131 shares during the period. Ontario Teachers Pension Plan Board's holdings in Pool were worth $665,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in POOL. O Shaughnessy Asset Management LLC lifted its holdings in shares of Pool by 81.1% during the 1st 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 during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Pool by 1.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,211 shares of the specialty retailer's stock worth $9,364,000 after purchasing an additional 322 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of Pool during the 1st quarter worth about $379,000. Natixis acquired a new stake in shares of Pool during the 1st quarter worth about $884,000. Finally, Axxcess Wealth Management LLC increased its position in shares of Pool by 3.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 1,710 shares of the specialty retailer's stock worth $690,000 after purchasing an additional 54 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on POOL. Stifel Nicolaus increased 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. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of Pool from $365.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Robert W. Baird raised their price objective 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. Finally, StockNews.com upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $369.11.

Pool Trading Up 0.6 %

Shares of NASDAQ:POOL traded up $2.13 during trading on Friday, hitting $366.49. 337,244 shares of the company's stock were exchanged, compared to its average volume of 347,573. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm has a 50-day moving average price of $365.72 and a two-hundred day moving average price of $352.46. 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 firm has a market cap of $13.95 billion, a P/E ratio of 31.69, a PEG ratio of 2.20 and a beta of 1.01.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.40 billion. During the same quarter in the previous year, the company earned $3.50 EPS. Pool's revenue was down 2.8% on a year-over-year basis. Equities analysts predict that Pool Co. will post 11 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, November 13th. Pool's payout ratio is 41.31%.

Pool 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.