CHICAGO TRUST Co NA Sells 100 Shares of Pool Co. (NASDAQ:POOL)

CHICAGO TRUST Co NA reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,885 shares of the specialty retailer’s stock after selling 100 shares during the period. CHICAGO TRUST Co NA’s holdings in Pool were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Berkshire Hathaway Inc bought a new position in Pool in the 3rd quarter worth approximately $152,249,000. JPMorgan Chase & Co. grew its stake in Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. International Assets Investment Management LLC grew 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 valued at $51,926,000 after acquiring an additional 137,445 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Pool in the 3rd quarter valued at $40,750,000. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Pool by 44.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after purchasing an additional 66,791 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on POOL shares. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Oppenheimer raised their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus boosted 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. Finally, 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 report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and a consensus price target of $369.25.

Pool Trading Up 1.1 %

NASDAQ:POOL traded up $3.60 during mid-day trading on Monday, hitting $330.00. 170,426 shares of the stock traded hands, compared to its average volume of 385,412. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.20 and a beta of 1.03. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm’s 50 day moving average is $358.49 and its two-hundred day moving average is $352.87.

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, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $3.50 EPS. Pool’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 11.02 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed 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 1.45%. Pool’s payout ratio is 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.