Bank of Montreal Can cut its position in Pool Corporation (NASDAQ:POOL) by 35.7% during the third quarter, Holdings Channel reports. The fund owned 14,365 shares of the company’s stock after selling 7,986 shares during the period. Bank of Montreal Can’s holdings in Pool Corporation were worth $1,358,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. IBM Retirement Fund acquired a new stake in Pool Corporation during the second quarter worth approximately $383,000. LS Investment Advisors LLC raised its stake in Pool Corporation by 64.5% in the second quarter. LS Investment Advisors LLC now owns 2,568 shares of the company’s stock worth $241,000 after buying an additional 1,007 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Pool Corporation during the second quarter valued at approximately $306,000. Oakbrook Investments LLC purchased a new stake in shares of Pool Corporation during the second quarter valued at approximately $202,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Pool Corporation during the second quarter valued at approximately $122,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Pool Corporation (NASDAQ:POOL)

Pool Corporation (NASDAQ:POOL) opened at 105.76 on Friday. The stock has a market capitalization of $4.37 billion, a P/E ratio of 30.74 and a beta of 0.93. Pool Corporation has a 52-week low of $72.40 and a 52-week high of $107.98. The company’s 50-day moving average price is $104.17 and its 200 day moving average price is $98.17.

Pool Corporation (NASDAQ:POOL) last posted its earnings results on Thursday, October 20th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company earned $691.40 million during the quarter, compared to analyst estimates of $693.02 million. Pool Corporation had a return on equity of 59.21% and a net margin of 5.86%. Pool Corporation’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts predict that Pool Corporation will post $3.45 earnings per share for the current fiscal year.

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Several analysts recently commented on POOL shares. Zacks Investment Research raised Pool Corporation from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Monday, October 24th. Wedbush reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Pool Corporation in a report on Friday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pool Corporation presently has an average rating of “Buy” and an average target price of $98.00.

About Pool Corporation

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

5 Day Chart for NASDAQ:POOL

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