CIBC Asset Management Inc Buys 217 Shares of Pool Co. (NASDAQ:POOL)

CIBC Asset Management Inc raised its position in shares of Pool Co. (NASDAQ:POOL) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,818 shares of the specialty retailer’s stock after acquiring an additional 217 shares during the quarter. CIBC Asset Management Inc’s holdings in Pool were worth $1,984,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Pool by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 88,583 shares of the specialty retailer’s stock valued at $30,201,000 after purchasing an additional 3,890 shares in the last quarter. Sierra Ocean LLC purchased a new position in Pool during the fourth quarter valued at $30,000. PUREfi Wealth LLC bought a new stake in shares of Pool during the 4th quarter valued at $251,000. Vontobel Holding Ltd. grew its position in shares of Pool by 457.6% in the 4th quarter. Vontobel Holding Ltd. now owns 5,548 shares of the specialty retailer’s stock worth $1,892,000 after buying an additional 4,553 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

POOL has been the topic of several research reports. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Thursday. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Trading Down 0.1 %

Pool stock opened at $344.00 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The business’s fifty day moving average is $343.47 and its 200 day moving average is $355.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. 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.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Pool had a net margin of 8.42% and a return on equity of 31.89%. On average, sell-side analysts predict that Pool Co. will post 11.05 EPS for the current year.

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.