Oddo BHF Asset Management Sas Purchases Shares of 2,030 Pool Co. (NASDAQ:POOL)

Oddo BHF Asset Management Sas acquired a new stake in Pool Co. (NASDAQ:POOL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,030 shares of the specialty retailer’s stock, valued at approximately $765,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc acquired a new position in Pool in the third quarter valued at approximately $152,249,000. International Assets Investment Management LLC boosted its stake in Pool by 37,863.6% during 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. Zurich Insurance Group Ltd FI acquired a new stake in Pool in the third quarter worth $40,750,000. Bank of New York Mellon Corp increased its stake in 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 in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Pool by 1,250.8% during the third quarter. Benjamin Edwards Inc. now owns 57,802 shares of the specialty retailer’s stock valued at $21,785,000 after purchasing an additional 53,523 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on POOL shares. Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird boosted their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Stifel Nicolaus raised their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $369.25.

Pool Stock Performance

Shares of POOL stock opened at $362.95 on Friday. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The stock has a market capitalization of $13.81 billion, a P/E ratio of 31.23, a PEG ratio of 2.27 and a beta of 1.01. 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’s 50 day moving average is $367.75 and its 200 day moving average is $352.98.

Pool (NASDAQ:POOL) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.50 earnings per share. On average, sell-side analysts anticipate that Pool Co. will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. Pool’s dividend payout ratio is currently 41.31%.

About Pool

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.