WCM Investment Management LLC Cuts Stake in Pool Co. (NASDAQ:POOL)

WCM Investment Management LLC decreased its stake in Pool Co. (NASDAQ:POOL) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,945 shares of the specialty retailer’s stock after selling 335 shares during the period. WCM Investment Management LLC’s holdings in Pool were worth $2,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Pool during the 3rd quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool during the third quarter valued at approximately $60,000. YANKCOM Partnership acquired a new position in shares of Pool during the fourth quarter worth $61,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. Finally, Hilltop National Bank grew its holdings in Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $334.32 on Tuesday. The stock has a market capitalization of $12.72 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The business’s fifty day moving average price is $349.22 and its 200 day moving average price is $356.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Analysts Set New Price Targets

A number of research firms have weighed in on POOL. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.