American National Bank & Trust Has $52,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

American National Bank & Trust cut its stake in Pool Co. (NASDAQ:POOL - Free Report) by 90.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164 shares of the specialty retailer's stock after selling 1,470 shares during the quarter. American National Bank & Trust's holdings in Pool were worth $52,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc increased its position in Pool by 7.8% during the 1st quarter. AdvisorNet Financial Inc now owns 468 shares of the specialty retailer's stock worth $149,000 after buying an additional 34 shares during the period. Second Line Capital LLC grew its stake in shares of Pool by 4.1% in the fourth quarter. Second Line Capital LLC now owns 888 shares of the specialty retailer's stock valued at $303,000 after acquiring an additional 35 shares in the last quarter. Tidal Investments LLC increased its position in Pool by 0.5% during the fourth quarter. Tidal Investments LLC now owns 6,696 shares of the specialty retailer's stock worth $2,283,000 after acquiring an additional 35 shares during the period. Waterloo Capital L.P. raised its stake in Pool by 7.1% in the 4th quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer's stock worth $216,000 after purchasing an additional 42 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer's stock valued at $383,000 after purchasing an additional 43 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on POOL. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price target for the company. Stephens dropped their price objective on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Robert W. Baird cut their target price on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company set a $300.00 price target on Pool in a research report on Friday, April 25th. Finally, Oppenheimer cut their price objective on shares of Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $336.22.

Pool Price Performance

NASDAQ:POOL traded up $4.07 during trading hours on Wednesday, hitting $309.42. The company's stock had a trading volume of 334,780 shares, compared to its average volume of 404,748. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a fifty day simple moving average of $305.45 and a 200-day simple moving average of $333.24. The company has a market capitalization of $11.63 billion, a P/E ratio of 27.43, a PEG ratio of 2.03 and a beta of 1.20.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.85 EPS. On average, analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from Pool's previous quarterly dividend of $1.20. Pool's payout ratio is presently 46.90%.

Pool announced that its Board of Directors has approved a share buyback plan on Wednesday, April 30th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at Pool

In related news, SVP Jennifer M. Neil sold 1,223 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company's stock.

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.