Marks Group Wealth Management Inc Raises Stock Holdings in Pool Co. (NASDAQ:POOL)

Marks Group Wealth Management Inc boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,510 shares of the specialty retailer’s stock after purchasing an additional 424 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Pool were worth $2,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Berkshire Hathaway Inc bought a new stake in shares of Pool in the third quarter worth $152,249,000. JPMorgan Chase & Co. grew its holdings in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after acquiring an additional 232,914 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Pool by 37,863.6% in the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after purchasing an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Pool in the 3rd quarter worth about $40,750,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Pool by 44.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after purchasing an additional 66,791 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on POOL shares. Oppenheimer lifted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Up 0.6 %

NASDAQ:POOL opened at $336.35 on Wednesday. The firm has a market capitalization of $12.80 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.92 and a beta of 1.03. The business has a 50 day simple moving average of $348.42 and a 200 day simple moving average of $356.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

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.