PNC Financial Services Group Inc. Has $2.44 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

PNC Financial Services Group Inc. grew its holdings in Pool Co. (NASDAQ:POOL) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,150 shares of the specialty retailer’s stock after buying an additional 255 shares during the period. PNC Financial Services Group Inc.’s holdings in Pool were worth $2,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Edgestream Partners L.P. acquired a new stake in Pool during the 4th quarter worth approximately $2,083,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Pool in the 4th quarter valued at $412,000. Raymond James Financial Inc. bought a new stake in Pool during the 4th quarter worth $116,833,000. Promus Capital LLC acquired a new position in Pool during the 4th quarter worth about $77,000. Finally, Arizona State Retirement System lifted its holdings in Pool by 1.1% during the 4th quarter. Arizona State Retirement System now owns 11,101 shares of the specialty retailer’s stock worth $3,785,000 after buying an additional 119 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on POOL. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Up 2.0 %

Shares of POOL stock opened at $327.21 on Friday. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.03 and a beta of 1.05. Pool Co. has a 1 year low of $293.51 and a 1 year high of $420.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The firm has a fifty day moving average price of $343.24 and a 200-day moving average price of $355.35.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, equities analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. Pool’s dividend payout ratio is currently 42.55%.

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.