Van ECK Associates Corp Has $2.78 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Van ECK Associates Corp lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 9.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,141 shares of the specialty retailer’s stock after selling 888 shares during the quarter. Van ECK Associates Corp’s holdings in Pool were worth $2,776,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after buying an additional 232,914 shares during the last quarter. Geode Capital Management LLC increased its position in Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after acquiring an additional 6,232 shares during the period. Wasatch Advisors LP increased its position in Pool by 0.6% during the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after acquiring an additional 3,428 shares during the period. Berkshire Hathaway Inc bought a new position in Pool during the third quarter worth about $152,249,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Pool by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock worth $98,093,000 after acquiring an additional 3,268 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Trading Up 1.0 %

POOL opened at $344.32 on Friday. The company’s 50 day moving average is $343.85 and its 200-day moving average is $355.66. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.10 billion, a P/E ratio of 29.63, a PEG ratio of 1.95 and a beta of 1.03.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating 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%. Equities research analysts predict that Pool Co. will post 11.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

POOL has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus raised their target price on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $368.00.

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.