Eagle Boston Investment Management Inc. acquired a new stake in shares of Pool Co. (NASDAQ:POOL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,914 shares of the specialty retailer’s stock, valued at approximately $246,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. raised its holdings in shares of Pool by 4.4% in the fourth quarter. Eagle Asset Management Inc. now owns 1,115,708 shares of the specialty retailer’s stock valued at $144,553,000 after buying an additional 47,474 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Pool by 9.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,758 shares of the specialty retailer’s stock valued at $8,655,000 after buying an additional 5,977 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Pool by 30.7% in the fourth quarter. Wells Fargo & Company MN now owns 461,963 shares of the specialty retailer’s stock valued at $59,894,000 after buying an additional 108,477 shares during the last quarter. New Mexico Educational Retirement Board bought a new position in shares of Pool in the fourth quarter valued at about $1,322,000. Finally, Swiss National Bank raised its holdings in shares of Pool by 1.6% in the fourth quarter. Swiss National Bank now owns 70,183 shares of the specialty retailer’s stock valued at $9,099,000 after buying an additional 1,100 shares during the last quarter. 93.76% of the stock is owned by institutional investors.
Shares of Pool Co. (NASDAQ POOL) opened at $149.40 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.43 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $6,000.95, a PE ratio of 37.54 and a beta of 0.91. Pool Co. has a 12-month low of $97.25 and a 12-month high of $150.26.
A number of research analysts recently issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and issued a $158.00 price target on shares of Pool in a report on Friday. Stephens set a $160.00 price target on Pool and gave the company a “hold” rating in a report on Thursday. Finally, BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Pool presently has an average rating of “Buy” and a consensus price target of $139.20.
In related news, Director Robert C. Sledd sold 7,200 shares of Pool stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the sale, the director now directly owns 23,814 shares in the company, valued at $3,120,110.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.00% of the stock is owned by company insiders.
Pool Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL).
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.