Allspring Global Investments Holdings LLC Increases Stock Holdings in Pool Co. (NASDAQ:POOL)

Allspring Global Investments Holdings LLC raised its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 816.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,860 shares of the specialty retailer's stock after purchasing an additional 36,403 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of Pool worth $13,601,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after buying an additional 232,914 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Pool by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer's stock valued at $362,196,000 after buying an additional 6,232 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock valued at $213,020,000 after buying an additional 3,428 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of Pool in the 3rd quarter valued at approximately $152,249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Pool by 1.3% in the 3rd 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 buying an additional 3,268 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on POOL. Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company reduced their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Loop Capital lifted their price objective on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, StockNews.com raised Pool from a "sell" rating to a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pool currently has a consensus rating of "Hold" and an average price target of $368.00.

Pool Price Performance

Shares of NASDAQ POOL traded down $0.32 during trading on Friday, reaching $344.00. The company had a trading volume of 780,403 shares, compared to its average volume of 389,321. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The stock has a market capitalization of $13.09 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The stock has a 50-day moving average price of $343.47 and a two-hundred day moving average price of $355.62. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping 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%. The company had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. As a group, sell-side analysts predict that Pool Co. will post 11.05 earnings per share 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.