OneAscent Wealth Management LLC Sells 72 Shares of Pool Co. (NASDAQ:POOL)

OneAscent Wealth Management LLC lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 9.1% in the third quarter, Holdings Channel reports. The institutional investor owned 719 shares of the specialty retailer’s stock after selling 72 shares during the period. OneAscent Wealth Management LLC’s holdings in Pool were worth $271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Tortoise Investment Management LLC lifted its stake in shares of Pool by 68.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. grew its position in shares of Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Pool during the 2nd quarter worth approximately $74,000. Finally, Summit Securities Group LLC purchased a new stake in Pool during the second quarter valued at approximately $75,000. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on POOL shares. Robert W. Baird lifted their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. The Goldman Sachs Group raised their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer upped their price objective on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their target price on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $369.11.

Pool Price Performance

Shares of NASDAQ:POOL opened at $360.84 on Tuesday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.73 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.18 and a beta of 1.01. The company’s 50 day moving average is $364.43 and its 200 day moving average is $352.32.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. On average, sell-side analysts forecast that Pool Co. will post 11 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.33%. Pool’s dividend payout ratio (DPR) is presently 41.31%.

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.