First Citizens Bank & Trust Co. Buys 131 Shares of Pool Co. (NASDAQ:POOL)

First Citizens Bank & Trust Co. boosted its stake in Pool Co. (NASDAQ:POOLFree Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,418 shares of the specialty retailer’s stock after purchasing an additional 131 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Pool were worth $824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Pool in the third quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool during the 3rd quarter worth approximately $60,000. Whittier Trust Co. of Nevada Inc. lifted its position in Pool by 101.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the last quarter. Hilltop National Bank grew its position in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after purchasing an additional 80 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 1.8 %

Shares of NASDAQ POOL opened at $360.03 on Tuesday. The stock’s fifty day simple moving average is $355.68 and its two-hundred day simple moving average is $356.54. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $13.70 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03.

Pool Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. Pool’s dividend payout ratio is presently 41.31%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird raised their price objective on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. Finally, Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $369.25.

Read Our Latest Research Report on Pool

Pool Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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