TimesSquare Capital Management LLC Boosts Stock Holdings in Pool Co. (NASDAQ:POOL)

TimesSquare Capital Management LLC raised its holdings in shares of Pool Co. (NASDAQ:POOL) by 62.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,538 shares of the specialty retailer’s stock after buying an additional 66,409 shares during the period. TimesSquare Capital Management LLC’s holdings in Pool were worth $58,825,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in POOL. JPMorgan Chase & Co. boosted its holdings in shares of Pool by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after purchasing an additional 6,232 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Pool by 0.6% during the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after purchasing an additional 3,428 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Pool during the third quarter worth about $152,249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Pool by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock worth $98,093,000 after purchasing an additional 3,268 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on POOL shares. Oppenheimer increased their target price on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus increased their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. 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. Finally, StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research note on Saturday, February 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $368.00.

Pool Price Performance

Shares of NASDAQ POOL opened at $343.50 on Wednesday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The company has a 50 day simple moving average of $345.68 and a two-hundred day simple moving average of $355.91. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

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.