Truist Financial Corp Decreases Stake in Pool Co. (NASDAQ:POOL)

Truist Financial Corp lowered its position in shares of Pool Co. (NASDAQ:POOL) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,760 shares of the specialty retailer’s stock after selling 862 shares during the quarter. Truist Financial Corp owned about 0.07% of Pool worth $8,783,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of POOL. Empirical Finance LLC lifted its position in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after acquiring an additional 39 shares in the last quarter. Second Line Capital LLC lifted its position in Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after acquiring an additional 39 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 53 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after acquiring an additional 54 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Pool by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $368.00.

Pool Stock Performance

Shares of POOL opened at $344.00 on Friday. The business’s fifty day moving average price is $343.47 and its 200 day moving average price is $355.62. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The stock has a market capitalization of $13.09 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.93 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 (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. Equities research analysts forecast that Pool Co. will post 11.05 EPS for the current year.

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.