Argent Trust Co Purchases 63 Shares of Pool Co. (NASDAQ:POOL)

Argent Trust Co lifted its position in shares of Pool Co. (NASDAQ:POOL) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,317 shares of the specialty retailer’s stock after purchasing an additional 63 shares during the period. Argent Trust Co’s holdings in Pool were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. SYSTM Wealth Solutions LLC increased its holdings in Pool by 12.4% in the second quarter. SYSTM Wealth Solutions LLC now owns 7,826 shares of the specialty retailer’s stock valued at $2,405,000 after purchasing an additional 864 shares during the period. Perennial Investment Advisors LLC grew its position in shares of Pool by 2.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock valued at $375,000 after buying an additional 33 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Pool by 31.9% in the second quarter. Virtu Financial LLC now owns 8,253 shares of the specialty retailer’s stock valued at $2,536,000 after buying an additional 1,995 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Pool by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer’s stock worth $90,992,000 after acquiring an additional 23,396 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Pool by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after acquiring an additional 12,152 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $372.09 on Friday. The stock has a 50-day moving average of $349.50 and a 200-day moving average of $360.08. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The company has a market cap of $14.26 billion, a PE ratio of 29.12, a P/E/G ratio of 2.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm posted $5.89 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 10.99 EPS for the current fiscal 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 issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.29%. Pool’s payout ratio is 37.56%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on POOL shares. Wells Fargo & Company raised their price target on shares of Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Stephens dropped their target price on shares of Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus upped their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Oppenheimer lifted their price objective on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $350.00.

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.