Pool Co. (NASDAQ:POOL) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 87.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,789 shares of the specialty retailer's stock after selling 281,572 shares during the quarter. Congress Asset Management Co. owned approximately 0.10% of Pool worth $13,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Pool in the 3rd quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool during the 3rd quarter valued at approximately $60,000. YANKCOM Partnership acquired a new position in Pool in the fourth quarter valued at approximately $61,000. Whittier Trust Co. of Nevada Inc. grew its position in Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer's stock worth $123,000 after acquiring an additional 164 shares during the period. Finally, Hilltop National Bank increased its stake in Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer's stock worth $140,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on POOL shares. Wells Fargo & Company decreased their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research report on Saturday, February 8th. Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Loop Capital upped their price objective on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $368.00.

Pool Stock Up 1.0 %

POOL stock traded up $3.45 during midday trading on Thursday, hitting $344.32. The company's stock had a trading volume of 995,616 shares, compared to its average volume of 377,470. The firm has a 50-day simple moving average of $344.35 and a 200-day simple moving average of $355.74. The firm has a market capitalization of $13.10 billion, a P/E ratio of 29.63, a PEG ratio of 1.95 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.89% and a net margin of 8.42%. As a group, equities analysts forecast that Pool Co. will post 11.1 EPS for the current year.

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.