Fulton Bank N.A. Has $490,000 Stake in Pool Co. (NASDAQ:POOL)

Fulton Bank N.A. lifted its position in Pool Co. (NASDAQ:POOL) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,594 shares of the specialty retailer’s stock after purchasing an additional 68 shares during the quarter. Fulton Bank N.A.’s holdings in Pool were worth $490,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of POOL. Swedbank AB acquired a new position in shares of Pool in the first quarter valued at $96,528,000. International Assets Investment Management LLC raised its stake in shares of Pool by 30,047.2% in the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Pool by 585.6% in the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock valued at $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Norges Bank bought a new stake in Pool in the fourth quarter valued at $44,697,000. Finally, Epoch Investment Partners Inc. grew its position in Pool by 711.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 123,419 shares of the specialty retailer’s stock valued at $49,208,000 after acquiring an additional 108,207 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Trading Down 0.5 %

Pool stock traded down $1.60 during mid-day trading on Wednesday, hitting $352.93. The stock had a trading volume of 150,529 shares, compared to its average volume of 376,432. The stock has a 50-day simple moving average of $335.91 and a two-hundred day simple moving average of $367.38. The stock has a market capitalization of $13.53 billion, a PE ratio of 27.89, a P/E/G ratio of 2.69 and a beta of 1.00. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm posted $5.89 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Pool Co. will post 10.95 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. Pool’s payout ratio is 37.56%.

Wall Street Analyst Weigh In

POOL has been the topic of a number of analyst reports. Bank of America lowered their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company upped their price target on Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Oppenheimer upped their price target on Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stifel Nicolaus decreased their target price on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, The Goldman Sachs Group increased their target price on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $347.22.

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.