Fulton Bank N.A. Has $840,000 Stake in Pool Co. (NASDAQ:POOL)

Fulton Bank N.A. raised its stake in shares of Pool Co. (NASDAQ:POOL) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,228 shares of the specialty retailer’s stock after purchasing an additional 634 shares during the period. Fulton Bank N.A.’s holdings in Pool were worth $840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Everpar Advisors LLC lifted its position in shares of Pool by 30.1% in the 3rd quarter. Everpar Advisors LLC now owns 1,787 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 413 shares during the period. Azzad Asset Management Inc. ADV raised its stake in Pool by 11.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,644 shares of the specialty retailer’s stock worth $3,257,000 after buying an additional 892 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after buying an additional 80 shares during the period. Czech National Bank boosted its position in Pool by 6.7% during the third quarter. Czech National Bank now owns 7,793 shares of the specialty retailer’s stock valued at $2,936,000 after acquiring an additional 489 shares during the last quarter. Finally, Cullen Investment Group LTD. grew its holdings in Pool by 3.1% during the 3rd quarter. Cullen Investment Group LTD. now owns 13,546 shares of the specialty retailer’s stock worth $5,104,000 after acquiring an additional 412 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

POOL opened at $364.94 on Wednesday. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.73 and a beta of 1.01. The company’s fifty day moving average price is $356.38 and its two-hundred day moving average price is $356.00. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.89 EPS. On average, analysts expect that Pool Co. will post 10.99 EPS for the current fiscal year.

Pool Dividend Announcement

The company 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. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 15th. Pool’s dividend payout ratio is 37.56%.

Analyst Ratings Changes

POOL has been the topic of several research analyst reports. Stephens cut their target price on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday. Oppenheimer lifted their price objective on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird raised their price target on shares of Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $354.44.

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.