Atria Investments Inc Trims Holdings in Pool Corporation $POOL

Atria Investments Inc reduced its stake in shares of Pool Corporation (NASDAQ:POOL) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,330 shares of the specialty retailer’s stock after selling 1,999 shares during the quarter. Atria Investments Inc’s holdings in Pool were worth $3,513,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in POOL. Berkshire Hathaway Inc boosted its position in Pool by 136.3% in the 2nd quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after buying an additional 1,994,885 shares during the period. Invesco Ltd. boosted its holdings in shares of Pool by 11.1% in the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock valued at $203,928,000 after purchasing an additional 70,075 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Pool by 35.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after purchasing an additional 160,878 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Pool by 0.3% in the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Norges Bank purchased a new position in Pool during the 2nd quarter worth $113,617,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective for the company in a research note on Monday, December 22nd. Robert W. Baird set a $320.00 target price on shares of Pool and gave the company an “outperform” rating in a research report on Monday, January 12th. Stifel Nicolaus reduced their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $311.13.

Pool Stock Down 1.4%

NASDAQ:POOL opened at $265.83 on Monday. The company’s 50-day simple moving average is $249.17 and its 200-day simple moving average is $276.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. Pool Corporation has a fifty-two week low of $226.10 and a fifty-two week high of $374.74. The stock has a market capitalization of $9.90 billion, a P/E ratio of 24.23, a P/E/G ratio of 4.68 and a beta of 1.22.

Pool Company Profile

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.