WCM Investment Management LLC Cuts Stock Holdings in Pool Co. (NASDAQ:POOL)

WCM Investment Management LLC decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,945 shares of the specialty retailer’s stock after selling 335 shares during the period. WCM Investment Management LLC’s holdings in Pool were worth $2,017,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group acquired a new position in Pool during the third quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool during the 3rd quarter worth $60,000. YANKCOM Partnership acquired a new position in shares of Pool during the 4th quarter worth $61,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. Finally, Hilltop National Bank lifted its stake in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 63 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

POOL has been the subject of a number of research analyst reports. Oppenheimer increased their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company dropped their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird boosted 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. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Price Performance

NASDAQ:POOL opened at $334.32 on Tuesday. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The company’s 50-day moving average is $349.22 and its two-hundred day moving average is $356.99. 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 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.