Truist Financial Corp Has $11.82 Million Holdings in Pool Co. (NASDAQ:POOL)

Truist Financial Corp grew its stake in shares of Pool Co. (NASDAQ:POOL) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 29,649 shares of the specialty retailer’s stock after purchasing an additional 241 shares during the quarter. Truist Financial Corp’s holdings in Pool were worth $11,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in Pool by 3.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after acquiring an additional 63,413 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after buying an additional 313,190 shares in the last quarter. Blair William & Co. IL raised its position in shares of Pool by 1.6% in the third quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock valued at $276,941,000 after buying an additional 12,389 shares in the last quarter. Invesco Ltd. raised its position in shares of Pool by 22.0% in the third quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock valued at $225,885,000 after buying an additional 114,298 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Pool by 10.9% in the third quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock valued at $216,038,000 after buying an additional 59,757 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Down 0.8 %

Shares of NASDAQ:POOL opened at $359.50 on Thursday. The company has a fifty day moving average of $391.39 and a 200-day moving average of $374.27. The company has a market capitalization of $13.78 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.46 earnings per share. On average, equities analysts predict that Pool Co. will post 13.03 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.22%. Pool’s dividend payout ratio (DPR) is currently 34.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on POOL shares. Stifel Nicolaus dropped their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday. Oppenheimer dropped their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research report on Monday. Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and lifted their price target for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $391.80.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

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.