Fifth Third Wealth Advisors LLC Buys Shares of 625 Pool Co. (NASDAQ:POOL)

Fifth Third Wealth Advisors LLC purchased a new position in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 625 shares of the specialty retailer’s stock, valued at approximately $213,000.

A number of other institutional investors have also made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in Pool in the third quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pool in the 3rd quarter valued at $60,000. Whittier Trust Co. of Nevada Inc. raised its stake in 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 period. GAMMA Investing LLC lifted its holdings in Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after acquiring an additional 80 shares in the last quarter. Finally, Hilltop National Bank grew its stake in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 63 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Pool Trading Up 0.2 %

Shares of NASDAQ:POOL opened at $350.26 on Friday. The company’s 50-day moving average price is $355.98 and its two-hundred day moving average price is $353.86. 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 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The stock has a market capitalization of $13.33 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03.

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

Pool Announces Dividend

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