Pool Co. (NASDAQ:POOL) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,418 shares of the specialty retailer’s stock after buying an additional 131 shares during the period. First Citizens Bank & Trust Co.’s holdings in Pool were worth $824,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Pool in the fourth quarter valued at approximately $1,026,000. True North Advisors LLC purchased a new stake in shares of Pool in the 4th quarter valued at $216,000. Janney Montgomery Scott LLC acquired a new stake in shares of Pool in the fourth quarter worth $8,294,000. Nisa Investment Advisors LLC raised its holdings in shares of Pool by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after purchasing an additional 54 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Pool by 5.8% during the fourth quarter. Atomi Financial Group Inc. now owns 1,653 shares of the specialty retailer’s stock worth $563,000 after purchasing an additional 90 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

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

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Wall Street Analyst Weigh In

POOL has been the topic of several analyst reports. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Sunday, January 19th. Loop Capital lifted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company raised their price objective on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Oppenheimer boosted 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $369.25.

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.