Whittier Trust Co. of Nevada Inc. Has $123,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 101.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 326 shares of the specialty retailer’s stock after buying an additional 164 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Pool were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of POOL. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Pool by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after purchasing an additional 33,955 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after acquiring an additional 11,059 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Pool by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after acquiring an additional 45,953 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pool by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock valued at $133,125,000 after acquiring an additional 90,951 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after acquiring an additional 37,598 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer lifted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird raised their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $357.89.

Pool Price Performance

Shares of NASDAQ:POOL opened at $350.68 on Thursday. The firm has a market capitalization of $13.42 billion, a PE ratio of 29.57, a PEG ratio of 2.72 and a beta of 1.01. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The business’s 50 day moving average is $358.70 and its 200-day moving average is $353.44.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. Pool had a net margin of 8.58% and a return on equity of 32.85%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $5.89 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict that Pool Co. will post 10.98 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.37%. Pool’s payout ratio is currently 40.47%.

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.