Versor Investments LP Acquires Shares of 1,910 Pool Co. (NASDAQ:POOL)

Versor Investments LP acquired a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,910 shares of the specialty retailer's stock, valued at approximately $720,000.

A number of other institutional investors have also modified their holdings of POOL. Swedbank AB acquired a new position in Pool during the first quarter worth approximately $96,528,000. International Assets Investment Management LLC increased its position in shares of Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer's stock worth $51,926,000 after acquiring an additional 137,445 shares in the last quarter. TD Asset Management Inc increased its position in shares of Pool by 67.4% in the first quarter. TD Asset Management Inc now owns 306,447 shares of the specialty retailer's stock worth $123,651,000 after acquiring an additional 123,387 shares in the last quarter. Caledonia Investments PLC purchased a new position in shares of Pool in the second quarter valued at $37,390,000. Finally, Bank of New York Mellon Corp boosted 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 valued at $133,125,000 after purchasing an additional 90,951 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Pool from $377.00 to $408.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Stifel Nicolaus lifted their price target 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. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a research note on Saturday, November 2nd. Finally, Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $369.11.

Pool Stock Performance

NASDAQ POOL traded down $3.29 during trading on Wednesday, hitting $353.19. The company's stock had a trading volume of 122,892 shares, compared to its average volume of 345,796. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a market cap of $13.44 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. The firm has a 50 day moving average price of $363.63 and a 200 day moving average price of $352.49. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (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 for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business posted $3.50 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that Pool Co. will post 11 earnings per share 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 paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.36%. Pool's dividend 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.