Pool Co. (NASDAQ:POOL) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its position in Pool Co. (NASDAQ:POOL) by 5.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,048 shares of the specialty retailer’s stock after selling 1,033 shares during the period. Hancock Whitney Corp’s holdings in Pool were worth $6,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC boosted its position in Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of Pool by 232.4% during the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 43 shares during the period. Ridgewood Investments LLC purchased a new position in Pool in the second quarter worth approximately $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool during the second quarter worth $75,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on POOL shares. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird upped their target price 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. Wells Fargo & Company lifted their price target 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. Loop Capital boosted their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Price Performance

Shares of POOL opened at $372.01 on Monday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a market cap of $14.16 billion, a P/E ratio of 31.54, a PEG ratio of 2.22 and a beta of 1.01. The firm’s 50 day moving average price is $365.93 and its 200 day moving average price is $352.29.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $3.50 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Pool Co. will post 11 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio is presently 41.31%.

Pool 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.