BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 4,372 Shares of Pool Co. (NASDAQ:POOL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in shares of Pool Co. (NASDAQ:POOL) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,831 shares of the specialty retailer’s stock after selling 4,372 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.09% of Pool worth $13,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of POOL. Swedbank AB bought a new position in Pool during the first quarter worth about $96,528,000. International Assets Investment Management LLC grew its position in shares of Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares in the last quarter. Caledonia Investments PLC bought a new position in shares of Pool during the second quarter worth approximately $37,390,000. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 90,951 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Pool by 170.2% in the second quarter. Bridges Investment Management Inc. now owns 68,159 shares of the specialty retailer’s stock valued at $20,947,000 after buying an additional 42,936 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 0.6 %

Shares of Pool stock opened at $366.49 on Friday. The firm’s 50 day moving average is $365.93 and its 200 day moving average is $352.43. The firm has a market capitalization of $13.95 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year 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.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Analyst Upgrades and Downgrades

A number of research firms have commented on POOL. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their price objective 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. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Oppenheimer upped their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $369.11.

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.