Fulton Bank N.A. Buys 390 Shares of Pool Co. (NASDAQ:POOL)

Fulton Bank N.A. increased its stake in Pool Co. (NASDAQ:POOL) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,618 shares of the specialty retailer’s stock after acquiring an additional 390 shares during the period. Fulton Bank N.A.’s holdings in Pool were worth $893,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of POOL. Heritage Family Offices LLP lifted its position in Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares during the last quarter. CWM LLC raised its holdings in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 28 shares during the last quarter. Aurora Investment Counsel boosted its position in Pool by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. Summit Trail Advisors LLC grew its holdings in Pool by 4.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after acquiring an additional 31 shares during the last quarter. Finally, Perennial Investment Advisors LLC increased its position in shares of Pool by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock valued at $375,000 after acquiring an additional 33 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on POOL. Stifel Nicolaus increased their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Robert W. Baird upped their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Loop Capital lifted their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $369.25.

Pool Stock Down 1.0 %

Shares of Pool stock opened at $324.79 on Friday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.20 and a beta of 1.03. The company has a 50-day moving average of $359.96 and a 200 day moving average of $352.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 earnings per share. As a group, sell-side analysts anticipate that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.48%. Pool’s payout ratio is presently 41.31%.

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.