Hancock Whitney Corp Cuts Stock Position in Pool Co. (NASDAQ:POOL)

Hancock Whitney Corp lessened its holdings in Pool Co. (NASDAQ:POOL) by 0.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,081 shares of the specialty retailer’s stock after selling 175 shares during the period. Hancock Whitney Corp’s holdings in Pool were worth $5,864,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC increased its stake in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC lifted its stake in Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. lifted its stake in Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Pool in the 2nd quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pool during the second quarter valued at about $75,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Loop Capital reduced their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Stifel Nicolaus lifted their price objective on Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price objective on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Stephens reduced their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $350.00.

Pool Stock Performance

NASDAQ POOL opened at $364.37 on Friday. The company has a market cap of $13.94 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. The business’s 50 day moving average price is $350.22 and its 200-day moving average price is $359.82. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.89 EPS. Sell-side analysts predict that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, August 15th. Pool’s dividend payout ratio (DPR) is presently 37.56%.

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.