Pool Corporation has received an average rating of “Hold” from twelve distinguished research companies that are closely monitoring the ever-evolving nature of the manufacturing industry. Bloomberg reported that one research analyst gave Pool Corporation a sell rating while three assigned a hold rating and five assigned a buy rating for the company. The statistics reveal that an average one-year price objective among brokers who have covered the company’s business stands at $383.20.
In exciting news, Pool Corporation announced on Monday 31st May, that it is set to distribute its quarterly dividend beginning on Wednesday of this week – which investors are looking forward to receiving. Those eligible for payment must be in record as of Wednesday, May 17th, and thereby qualify for a dividend payout of $1.10 per share accordingly. This is good news for shareholders as it signals growth in comparison to past payouts where investors received only $1.00 per share.
The ex-dividend date is Tuesday, May 16th, hence shareholders will need to act swiftly should they require qualification for the impending dividend payout distribution taking place later this week if they aren’t already confirmed on Pool Corporation’s books.
Investors have been keenly tracking changes in the firm’s fortunes since hedge funds and other institutional investors began making adjustments to their investment positions recently. Thompson Siegel & Walmsley LLC purchased a new stake worth some $26,000 towards wading into Pool during Q4 of last year.
Clear Street Markets LLC also saw fit to increase their holdings by investing more shares in Pool corporation during Q1 with the acquisition of shares now totalling 76; this valued total comes after Clear Street Markets LLC acquired an additional 37 shares summarily within said quarter.
Concord Wealth Partners entered into investments in Pool during Q4 contributing up towards $35,000 worth of value-added diversity into their portfolio further diversifying their market reportable assets as did Allworth Financial LP upon acquiring 102 shares of Pool stock worth $35,000.
Ameritas Advisory Services LLC was recently added to the list of impressive institutional investors who acquired a new stake worth approximately $35,000 last quarter adding further prestige to an already comprehensive report.
It is interesting to note that hedge funds and institutional investors currently possess 98.15% of total company shares, with the remaining percentage being held by smaller independent shareholders who continue to have faith in the diversifying strength of their favoured investment brand.
Investor Interest Piqued by Pool Corp’s Performance: Analyst Reports and Executive Stock Sales Provide Insight
When it comes to investing in the stock market, analyzing and interpreting available data is a crucial aspect. Pool Corp, commonly known as POOL, has been the subject of several analyst reports lately. The company’s performance has piqued the interest of financial analysts, creating a buzz amongst investors. Understanding these reports can provide valuable insight into the stock’s behavior and help investors make informed decisions.
On Wednesday, April 19th, Bank of America decreased its price objective for Pool from $320.00 to $315.00, giving an “underperform” rating for the company. Conversely, Deutsche Bank Aktiengesellschaft cut their target price on Pool from $460.00 to $445.00 but gave the company a “buy” rating on Friday, April 21st.
Robert W. Baird also published their analysis and report Wednesday of that week cutting their price target on Pool shares from $404.00 to $385.00 while also presenting a “neutral” rating for the organization’s stock performance.
However, Jefferies Financial Group offered a more promising forecast by lifting their target price on shares of Pool recently from $325.00 to $350.00 and rated it as “hold” in February this year.
Finally, Loop Capital dropped their price target on POOL from $415 to $410 while giving it a “buy” rating in their most recent analysis dated April 21st.
Apart from these analyst reports that are causing quite a stir amongst investors circulating around POOL’s performance over time numerous executives seem wary about holding onto shares they previously owned with general counsel Jennifer M Neil selling off her 2,333 shares moving below 1 percent future value of what she once retained back in May this year.
Pooling all of this data together shows that despite having impressive statistics regarding its market capitalization and debt-to-equity ratio; POOL hasn’t been performing as well as expected lately, helping some analysts predict a bearish trend. However, with a high degree of perplexity and bustiness, others recommend the stock for a long-term investment.
POOL’s 50-day moving average price sits at $339.38 with the stock opening at $327.08 on Friday before being declared closed for the day’s session in case there were changes that would affect its value. The next few weeks might reveal more significant changes to investors as they keep tabs on POOL’s future performance in the market.
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