Blue Trust Inc. Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

Blue Trust Inc. cut its stake in Pool Co. (NASDAQ:POOL) by 73.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187 shares of the specialty retailer’s stock after selling 522 shares during the period. Blue Trust Inc.’s holdings in Pool were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in POOL. JPMorgan Chase & Co. boosted its stake in Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after buying an additional 232,914 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after acquiring an additional 6,232 shares during the period. Wasatch Advisors LP raised its holdings in shares of Pool by 0.6% during the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after acquiring an additional 3,428 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Pool during the 3rd quarter valued at about $152,249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Pool by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock valued at $98,093,000 after purchasing an additional 3,268 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on POOL shares. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Oppenheimer upped their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus raised their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Trading Up 0.2 %

POOL opened at $344.73 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.12 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.03 and a beta of 1.03. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The business has a fifty day simple moving average of $343.12 and a 200-day simple moving average of $355.63.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

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.