Fiera Capital Corp Has $9.88 Million Holdings in Pool Corporation (NASDAQ:POOL)

Fiera Capital Corp lifted its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 41.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,043 shares of the specialty retailer's stock after purchasing an additional 9,043 shares during the period. Fiera Capital Corp owned 0.08% of Pool worth $9,883,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in shares of Pool by 471.4% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 66 shares in the last quarter. City Holding Co. acquired a new stake in shares of Pool during the 1st quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of Pool by 790.9% during the 1st quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Pool during the 1st quarter worth $30,000. Finally, FWL Investment Management LLC acquired a new stake in shares of Pool during the 4th quarter worth $39,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird upped their price objective on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Oppenheimer upped their price objective on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research report on Tuesday. Stephens dropped their price objective on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company increased their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pool has an average rating of "Hold" and a consensus price target of $342.14.

Pool Trading Up 0.2%

Shares of POOL stock traded up $0.53 on Friday, hitting $308.67. The company had a trading volume of 493,254 shares, compared to its average volume of 526,936. The firm has a market cap of $11.61 billion, a P/E ratio of 28.48, a P/E/G ratio of 4.31 and a beta of 1.10. The stock's 50-day moving average is $301.50 and its two-hundred day moving average is $317.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%. The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the prior year, the firm posted $4.99 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool announced that its board has approved a stock repurchase program on Wednesday, April 30th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.6%. Pool's dividend payout ratio (DPR) is currently 46.13%.

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.