UBS Asset Management Americas Inc. trimmed its position in Pool Co. (NASDAQ:POOL) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 40,981 shares of the specialty retailer’s stock after selling 3,811 shares during the period. UBS Asset Management Americas Inc.’s holdings in Pool were worth $5,313,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Tygh Capital Management Inc. raised its position in shares of Pool by 1.3% in the 4th quarter. Tygh Capital Management Inc. now owns 36,804 shares of the specialty retailer’s stock valued at $4,772,000 after acquiring an additional 460 shares during the period. Keybank National Association OH raised its position in shares of Pool by 10.2% in the 3rd quarter. Keybank National Association OH now owns 5,144 shares of the specialty retailer’s stock valued at $556,000 after acquiring an additional 477 shares during the period. Global X MANAGEMENT CO LLC raised its position in shares of Pool by 20.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,888 shares of the specialty retailer’s stock valued at $312,000 after acquiring an additional 489 shares during the period. SG Americas Securities LLC raised its position in shares of Pool by 5.4% in the 4th quarter. SG Americas Securities LLC now owns 10,855 shares of the specialty retailer’s stock valued at $1,407,000 after acquiring an additional 560 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Pool by 27.7% in the 3rd quarter. D.A. Davidson & CO. now owns 2,630 shares of the specialty retailer’s stock valued at $284,000 after acquiring an additional 571 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.
A number of analysts recently weighed in on POOL shares. BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Robert W. Baird reiterated a “buy” rating and issued a $158.00 price target on shares of Pool in a research report on Friday, February 16th. Stephens set a $160.00 price target on shares of Pool and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $161.00 target price for the company in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $147.60.
Shares of Pool Co. (NASDAQ:POOL) opened at $146.14 on Monday. Pool Co. has a 52 week low of $97.25 and a 52 week high of $150.26. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.76 and a current ratio of 2.43. The stock has a market capitalization of $5,903.50, a P/E ratio of 32.40 and a beta of 0.87.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Pool had a return on equity of 70.46% and a net margin of 6.87%. The business had revenue of $510.18 million during the quarter. During the same period in the previous year, the company posted $0.06 earnings per share. Pool’s revenue for the quarter was up 14.6% compared to the same quarter last year. analysts anticipate that Pool Co. will post 5.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.01%. Pool’s payout ratio is 32.82%.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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