Pool Co. (NASDAQ:POOL) Stock Position Lessened by First Merchants Corp

First Merchants Corp decreased its holdings in Pool Co. (NASDAQ:POOL) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,019 shares of the specialty retailer’s stock after selling 92 shares during the quarter. First Merchants Corp’s holdings in Pool were worth $347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in shares of Pool by 457.6% in the fourth quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock valued at $1,892,000 after buying an additional 4,553 shares during the period. Allspring Global Investments Holdings LLC raised its position in Pool by 816.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after buying an additional 36,403 shares during the period. Marks Group Wealth Management Inc lifted its position in shares of Pool by 7.0% in the fourth quarter. Marks Group Wealth Management Inc now owns 6,510 shares of the specialty retailer’s stock worth $2,220,000 after purchasing an additional 424 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new stake in Pool in the 4th quarter worth approximately $653,000. Finally, Summit Trail Advisors LLC boosted its position in Pool by 10.8% during the fourth quarter. Summit Trail Advisors LLC now owns 690 shares of the specialty retailer’s stock valued at $235,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

POOL stock opened at $344.28 on Friday. The stock has a 50-day moving average price of $346.40 and a 200-day moving average price of $356.30. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm has a market cap of $13.10 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03.

Analysts Set New Price Targets

POOL has been the subject of a number of recent research reports. Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Finally, Oppenheimer lifted their price target on 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 issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $368.00.

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.