Trajan Wealth LLC Invests $205,000 in Pool Co. (NASDAQ:POOL)

Trajan Wealth LLC purchased a new stake in Pool Co. (NASDAQ:POOL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 545 shares of the specialty retailer’s stock, valued at approximately $205,000.

Several other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Pool by 46.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,376 shares of the specialty retailer’s stock worth $1,766,000 after buying an additional 1,385 shares during the period. First Trust Direct Indexing L.P. grew its stake in Pool by 11.7% during the 1st quarter. First Trust Direct Indexing L.P. now owns 679 shares of the specialty retailer’s stock valued at $274,000 after acquiring an additional 71 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Pool by 8.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,359 shares of the specialty retailer’s stock valued at $2,162,000 after acquiring an additional 422 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Pool by 6.6% in the 1st quarter. Van ECK Associates Corp now owns 7,270 shares of the specialty retailer’s stock valued at $2,933,000 after purchasing an additional 449 shares during the period. Finally, Norden Group LLC lifted its position in shares of Pool by 23.7% in the first quarter. Norden Group LLC now owns 3,503 shares of the specialty retailer’s stock worth $1,413,000 after purchasing an additional 671 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Up 0.6 %

Shares of POOL stock opened at $364.45 on Thursday. The stock’s 50 day simple moving average is $360.53 and its 200 day simple moving average is $352.68. Pool Co. has a twelve month low of $293.51 and a twelve month 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 has a market capitalization of $13.94 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.68 and a beta of 1.01.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday. Robert W. Baird upped their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $369.11.

About Pool

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.