State Treasurer State of Michigan decreased its holdings in shares of Pool Co. (NASDAQ:POOL) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,400 shares of the specialty retailer’s stock after selling 1,100 shares during the quarter. State Treasurer State of Michigan’s holdings in Pool were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Polen Capital Management LLC purchased a new position in Pool in the third quarter valued at about $207,000. Cambridge Investment Research Advisors Inc. purchased a new position in Pool in the third quarter valued at about $217,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pool by 43.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,302 shares of the specialty retailer’s stock valued at $298,000 after purchasing an additional 696 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in Pool in the third quarter valued at about $254,000. Finally, Waters Parkerson & CO. LLC purchased a new position in Pool in the third quarter valued at about $262,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

In other Pool news, Director Robert C. Sledd sold 7,200 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the sale, the director now owns 23,814 shares of the company’s stock, valued at $3,120,110.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.00% of the stock is owned by insiders.

POOL has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $127.25.

Shares of Pool Co. (NASDAQ POOL) opened at $130.43 on Wednesday. Pool Co. has a 12-month low of $97.25 and a 12-month high of $136.72. The firm has a market capitalization of $5,216.46, a PE ratio of 33.91 and a beta of 0.91. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). Pool had a return on equity of 69.28% and a net margin of 6.19%. sell-side analysts expect that Pool Co. will post 4.07 EPS for the current fiscal year.

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Pool Company Profile

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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