Pool Co. (NASDAQ:POOL) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in Pool Co. (NASDAQ:POOL) by 57.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,079 shares of the specialty retailer’s stock after purchasing an additional 395 shares during the quarter. Venturi Wealth Management LLC’s holdings in Pool were worth $407,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. QRG Capital Management Inc. raised its position in shares of Pool by 9.8% during the 1st quarter. QRG Capital Management Inc. now owns 629 shares of the specialty retailer’s stock valued at $254,000 after acquiring an additional 56 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Pool by 9.5% during the first quarter. Russell Investments Group Ltd. now owns 35,389 shares of the specialty retailer’s stock worth $14,381,000 after purchasing an additional 3,072 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Pool by 10.5% in the 1st quarter. Bleakley Financial Group LLC now owns 894 shares of the specialty retailer’s stock worth $361,000 after buying an additional 85 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Pool by 12.2% in the 1st quarter. Entropy Technologies LP now owns 1,945 shares of the specialty retailer’s stock valued at $785,000 after buying an additional 212 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Pool during the 1st quarter valued at about $297,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 4.9 %

Shares of NASDAQ:POOL opened at $356.48 on Wednesday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. 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 $13.57 billion, a P/E ratio of 30.68, a P/E/G ratio of 2.26 and a beta of 1.01. The company has a 50 day moving average of $363.63 and a 200-day moving average of $352.49.

Pool (NASDAQ:POOL) 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $3.50 EPS. As a group, analysts anticipate that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.35%. Pool’s dividend payout ratio (DPR) is 41.31%.

Analyst Ratings Changes

POOL has been the topic of a number of recent research reports. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Robert W. Baird raised their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $369.11.

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.