Concurrent Investment Advisors LLC Has $2.89 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Concurrent Investment Advisors LLC lessened its position in Pool Co. (NASDAQ:POOL) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 8,477 shares of the specialty retailer’s stock after selling 150 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Pool were worth $2,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its stake in shares of Pool by 62.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock valued at $58,825,000 after purchasing an additional 66,409 shares in the last quarter. Global Retirement Partners LLC lifted its position in Pool by 298.4% during the 4th quarter. Global Retirement Partners LLC now owns 749 shares of the specialty retailer’s stock worth $255,000 after buying an additional 561 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares in the last quarter. Empower Advisory Group LLC lifted its position in Pool by 5.3% during the 4th quarter. Empower Advisory Group LLC now owns 189,397 shares of the specialty retailer’s stock worth $64,573,000 after buying an additional 9,589 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Pool by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 5,818 shares of the specialty retailer’s stock worth $1,984,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $344.00 on Friday. The stock has a market capitalization of $13.09 billion, a P/E ratio of 29.60, a P/E/G ratio of 1.93 and a beta of 1.03. 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 business has a 50-day moving average price of $343.47 and a two-hundred day moving average price of $355.62.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Loop Capital upped their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer upped their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $368.00.

Pool Company 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.