PNC Financial Services Group Inc. Sells 671 Shares of Pool Co. (NASDAQ:POOL)

PNC Financial Services Group Inc. lessened its holdings in Pool Co. (NASDAQ:POOL) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,895 shares of the specialty retailer’s stock after selling 671 shares during the period. PNC Financial Services Group Inc.’s holdings in Pool were worth $2,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new position in shares of Pool during the 1st quarter worth $393,000. Wahed Invest LLC grew its holdings in Pool by 21.3% during the first quarter. Wahed Invest LLC now owns 739 shares of the specialty retailer’s stock valued at $298,000 after purchasing an additional 130 shares during the period. Virtu Financial LLC purchased a new stake in Pool in the first quarter worth about $2,525,000. LRI Investments LLC bought a new position in shares of Pool in the first quarter worth about $243,000. Finally, Swedbank AB purchased a new position in shares of Pool during the 1st quarter valued at about $96,528,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on POOL shares. Wells Fargo & Company increased their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Oppenheimer lifted their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus target price of $369.11.

Pool Stock Up 6.4 %

Shares of POOL stock opened at $390.03 on Tuesday. The stock has a market cap of $14.84 billion, a P/E ratio of 33.57, a PEG ratio of 2.22 and a beta of 1.01. The company’s fifty day simple moving average is $365.93 and its two-hundred day simple moving average is $352.20. 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 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Analysts predict that Pool Co. will post 11 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s dividend payout ratio is presently 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.