Venturi Wealth Management LLC Buys 43 Shares of Pool Co. (NASDAQ:POOL)

Venturi Wealth Management LLC grew its stake in shares of Pool Co. (NASDAQ:POOL) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,122 shares of the specialty retailer’s stock after buying an additional 43 shares during the quarter. Venturi Wealth Management LLC’s holdings in Pool were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Berkshire Hathaway Inc acquired a new position in Pool during the 3rd quarter valued at about $152,249,000. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool during the third quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC grew its holdings in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL stock opened at $344.32 on Friday. 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 firm has a market cap of $13.10 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 1.95 and a beta of 1.03. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm’s 50-day simple moving average is $343.85 and its two-hundred day simple moving average is $355.66.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.42% and a return on equity of 31.89%. As a group, equities analysts forecast that Pool Co. will post 11.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on POOL. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Loop Capital lifted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.