Pool Corporation $POOL Shares Bought by Caledonia Investments PLC

Caledonia Investments PLC lifted its stake in shares of Pool Corporation (NASDAQ:POOL) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,887 shares of the specialty retailer’s stock after purchasing an additional 8,000 shares during the quarter. Pool comprises 4.9% of Caledonia Investments PLC’s portfolio, making the stock its 10th largest position. Caledonia Investments PLC owned approximately 0.43% of Pool worth $49,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CNB Bank increased its position in Pool by 4.1% in the third quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock worth $285,000 after buying an additional 36 shares during the period. Keybank National Association OH increased its holdings in shares of Pool by 4.2% in the 3rd quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock worth $310,000 after acquiring an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Pool by 22.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 41 shares during the last quarter. Whittier Trust Co. boosted its stake in Pool by 14.0% during the 2nd quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 46 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its position in Pool by 1.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,228 shares of the specialty retailer’s stock worth $1,001,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on POOL shares. Robert W. Baird set a $320.00 price target on Pool and gave the company an “outperform” rating in a report on Monday, January 12th. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 target price on the stock in a research note on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Stifel Nicolaus lowered their price target on Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $308.00.

Pool Price Performance

Shares of Pool stock opened at $266.14 on Monday. Pool Corporation has a 52 week low of $226.10 and a 52 week high of $374.74. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.91 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 4.69 and a beta of 1.22. The company’s 50-day moving average price is $246.74 and its two-hundred day moving average price is $278.51.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.