OneAscent Financial Services LLC Sells 321 Shares of Pool Co. (NASDAQ:POOL)

OneAscent Financial Services LLC cut its position in shares of Pool Co. (NASDAQ:POOL) by 23.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,077 shares of the specialty retailer’s stock after selling 321 shares during the period. OneAscent Financial Services LLC’s holdings in Pool were worth $406,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in Pool by 68.9% in the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Pool by 232.4% in the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. increased its position in Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 43 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Pool during the second quarter valued at $74,000. Finally, Summit Securities Group LLC purchased a new stake in Pool during the second quarter valued at $75,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 0.4 %

Shares of NASDAQ POOL opened at $360.84 on Tuesday. 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 stock has a market capitalization 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. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The stock’s fifty day simple moving average is $364.43 and its two-hundred day simple moving average is $352.32.

Pool (NASDAQ:POOL) last posted 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 during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. As a group, analysts expect that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.33%. Pool’s dividend payout ratio is currently 41.31%.

Analyst Ratings Changes

A number of analysts have commented on POOL shares. Stifel Nicolaus upped their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $369.11.

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.