Pool Co. (NASDAQ:POOL) Shares Sold by UBS Asset Management Americas Inc.

Posted by Defense World Staff on Mar 13th, 2023

UBS Asset Management Americas Inc. lessened its stake in Pool Co. (NASDAQ:POOL – Get Rating) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,063 shares of the specialty retailer’s stock after selling 1,891 shares during the period. UBS Asset Management Americas Inc. owned about 0.44% of Pool worth $55,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in shares of Pool by 226.5% in the second quarter. SRS Capital Advisors Inc. now owns 111 shares of the specialty retailer’s stock worth $39,000 after buying an additional 77 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in Pool during the third quarter valued at $43,000. IMA Wealth Inc. increased its stake in Pool by 204.1% during the second quarter. IMA Wealth Inc. now owns 149 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 100 shares during the last quarter. Global Retirement Partners LLC increased its stake in Pool by 69.0% during the third quarter. Global Retirement Partners LLC now owns 191 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 78 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in Pool during the third quarter valued at $71,000. Institutional investors own 98.15% of the company’s stock.

Pool Stock Down 0.2 %

Shares of POOL stock opened at $348.41 on Monday. The stock has a market cap of $13.62 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. Pool Co. has a one year low of $278.10 and a one year high of $488.75. The stock has a fifty day moving average price of $359.03 and a 200 day moving average price of $335.16. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.99 and a quick ratio of 0.63.

Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The specialty retailer reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.21). Pool had a return on equity of 61.70% and a net margin of 12.11%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $2.30 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that Pool Co. will post 16.52 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, March 14th. This represents a $4.00 annualized dividend and a yield of 1.15%. Pool’s dividend payout ratio is currently 21.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on POOL. Stifel Nicolaus lowered shares of Pool from a “buy” rating to a “hold” rating and upped their price target for the stock from $355.00 to $360.00 in a research report on Monday, February 6th. Bank of America began coverage on shares of Pool in a research report on Thursday, December 15th. They set an “underperform” rating and a $291.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Pool from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Friday, February 3rd. Finally, Robert W. Baird upped their price objective on shares of Pool from $368.00 to $404.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $391.09.

Pool Profile

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Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts, discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market, specialty products such as outdoor lighting, grills, and outdoor kitchen components, and golf irrigation and water management products.

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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