Rhumbline Advisers Lowers Stake in Pool Corporation $POOL

Rhumbline Advisers cut its position in Pool Corporation (NASDAQ:POOL) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,630 shares of the specialty retailer’s stock after selling 5,611 shares during the period. Rhumbline Advisers owned about 0.20% of Pool worth $22,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of POOL. Berkshire Hathaway Inc increased its stake in Pool by 136.3% in the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after buying an additional 1,994,885 shares in the last quarter. Norges Bank bought a new position in shares of Pool in the second quarter worth about $113,617,000. Worldquant Millennium Advisors LLC grew its position in shares of Pool by 1,301.7% during the second quarter. Worldquant Millennium Advisors LLC now owns 194,880 shares of the specialty retailer’s stock worth $56,804,000 after purchasing an additional 180,977 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Pool by 35.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after purchasing an additional 160,878 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Pool by 1,201.2% during the 2nd quarter. SG Americas Securities LLC now owns 90,211 shares of the specialty retailer’s stock valued at $26,295,000 after purchasing an additional 83,278 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 1.4%

Shares of NASDAQ POOL opened at $265.83 on Tuesday. Pool Corporation has a 1 year low of $226.10 and a 1 year high of $374.74. The firm has a 50-day simple moving average of $249.75 and a two-hundred day simple moving average of $276.35. The company has a market cap of $9.90 billion, a P/E ratio of 24.23, a PEG ratio of 4.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POOL. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective for the company in a report on Monday, December 22nd. Stifel Nicolaus dropped their target price on shares of Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. The Goldman Sachs Group reduced their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Robert W. Baird set a $320.00 price objective on shares of Pool and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $311.13.

Pool Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.