Nisa Investment Advisors LLC Cuts Position in Pool Co. (NASDAQ:POOL)

Nisa Investment Advisors LLC cut its stake in shares of Pool Co. (NASDAQ:POOL) by 0.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,524 shares of the specialty retailer’s stock after selling 94 shares during the period. Nisa Investment Advisors LLC’s holdings in Pool were worth $6,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC grew its holdings in shares of Pool by 68.9% during the second quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Pool by 232.4% during the second quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock worth $35,000 after buying an additional 79 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Pool by 26.2% during the second quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock worth $64,000 after buying an additional 43 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Pool during the second quarter worth $74,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pool during the second quarter worth $75,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 0.8 %

Shares of POOL opened at $361.64 on Friday. The stock has a market capitalization of $13.84 billion, a PE ratio of 31.12, a P/E/G ratio of 2.68 and a beta of 1.01. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company’s 50-day simple moving average is $360.80 and its 200-day simple moving average is $352.76.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Analysts forecast that Pool Co. will post 11.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on POOL shares. The Goldman Sachs Group boosted their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird boosted their price target 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 boosted their price target on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $369.11.

Pool 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.