Investment Advisory Services Inc. TX ADV Trims Stake in Pool Co. (NASDAQ:POOL)

Investment Advisory Services Inc. TX ADV lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,582 shares of the specialty retailer’s stock after selling 122 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Pool were worth $1,221,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target 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. Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Robert W. Baird raised their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool Price Performance

Shares of NASDAQ POOL opened at $331.71 on Friday. 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 company has a market cap of $12.62 billion, a PE ratio of 28.55, a P/E/G ratio of 1.92 and a beta of 1.03. The stock has a fifty day moving average price of $350.06 and a 200 day moving average price of $356.83. Pool Co. has a 1-year low of $293.51 and a 1-year 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.