Fifth Third Wealth Advisors LLC Makes New $213,000 Investment in Pool Co. (NASDAQ:POOL)

Fifth Third Wealth Advisors LLC acquired a new stake in Pool Co. (NASDAQ:POOL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 625 shares of the specialty retailer’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in POOL. Brooklyn Investment Group acquired a new stake in Pool during the 3rd quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pool in the third quarter valued at about $60,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after buying an additional 164 shares during the last quarter. Hilltop National Bank lifted its stake in shares of Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after buying an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Pool by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after buying an additional 80 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on POOL shares. Oppenheimer raised their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Sunday. Loop Capital increased their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $369.25.

Pool Stock Performance

NASDAQ:POOL opened at $350.26 on Friday. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.83 and a beta of 1.03. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The stock has a fifty day moving average price of $355.98 and a 200-day moving average price of $353.86.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted $3.50 earnings per share. Pool’s revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Pool Co. will post 11.03 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.37%. Pool’s dividend payout ratio is currently 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.