Hilltop National Bank Purchases 63 Shares of Pool Co. (NASDAQ:POOL)

Hilltop National Bank boosted its position in shares of Pool Co. (NASDAQ:POOL) by 18.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 412 shares of the specialty retailer’s stock after buying an additional 63 shares during the quarter. Hilltop National Bank’s holdings in Pool were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Acadian Asset Management LLC raised its holdings in Pool by 115.7% during the 2nd quarter. Acadian Asset Management LLC now owns 908 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 487 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Pool by 3.8% during the 2nd quarter. Royal London Asset Management Ltd. now owns 18,750 shares of the specialty retailer’s stock valued at $5,762,000 after purchasing an additional 689 shares during the period. American Century Companies Inc. increased its position in Pool by 9.6% during the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock valued at $132,244,000 after purchasing an additional 37,598 shares during the period. Qsemble Capital Management LP purchased a new position in Pool during the 2nd quarter valued at $1,113,000. Finally, Achmea Investment Management B.V. increased its position in Pool by 9.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 6,118 shares of the specialty retailer’s stock valued at $1,880,000 after purchasing an additional 536 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on POOL shares. Stifel Nicolaus boosted their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday. 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. Robert W. Baird boosted their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $369.25.

Pool Stock Up 0.5 %

NASDAQ:POOL opened at $326.40 on Friday. The firm’s 50-day moving average price is $359.22 and its 200-day moving average price is $352.38. The company has a market capitalization of $12.42 billion, a PE ratio of 28.09, a P/E/G ratio of 2.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. Pool’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. On average, equities analysts predict that Pool Co. will post 11.02 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

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.