Huntington National Bank Boosts Holdings in Pool Co. (NASDAQ:POOL)

Huntington National Bank increased its position in shares of Pool Co. (NASDAQ:POOL) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 784 shares of the specialty retailer’s stock after buying an additional 104 shares during the quarter. Huntington National Bank’s holdings in Pool were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its holdings in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Atala Financial Inc acquired a new position in Pool during the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Pool during the 4th quarter worth about $30,000. Private Trust Co. NA grew its position in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Pool during the third quarter worth about $60,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on POOL shares. Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research note on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $365.33.

Pool Stock Performance

Shares of POOL stock opened at $315.05 on Friday. The stock’s 50-day moving average is $336.70 and its two-hundred day moving average is $352.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a 1 year low of $293.51 and a 1 year high of $402.45. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13.

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

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s payout ratio is currently 42.55%.

Insider Buying and Selling at Pool

In other 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 value of $3,460,000.00. Following the transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.