New York State Common Retirement Fund Grows Position in Pool Corporation $POOL

New York State Common Retirement Fund increased its position in Pool Corporation (NASDAQ:POOL) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,230 shares of the specialty retailer’s stock after buying an additional 7,288 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Pool worth $13,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Clearstead Trust LLC purchased a new position in shares of Pool in the second quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Pool in the third quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new position in Pool during the 2nd quarter valued at about $30,000. Chilton Capital Management LLC purchased a new stake in Pool in the 2nd quarter worth approximately $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in Pool in the 2nd quarter worth approximately $33,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 0.2%

Shares of Pool stock opened at $253.60 on Tuesday. Pool Corporation has a 1 year low of $226.10 and a 1 year high of $374.74. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 4.47 and a beta of 1.22. The company has a 50-day moving average of $245.55 and a 200 day moving average of $279.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on POOL. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 target price on the stock in a research note on Monday, December 22nd. Guggenheim started coverage on shares of Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. The Goldman Sachs Group reduced their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their price objective on shares of Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $308.00.

Pool 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.