ING Groep NV Takes $1.66 Million Position in Pool Co. (NASDAQ:POOL)

ING Groep NV acquired a new position in shares of Pool Co. (NASDAQ:POOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,861 shares of the specialty retailer’s stock, valued at approximately $1,657,000.

Other large investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc bought a new position in shares of Pool during the third quarter valued at approximately $152,249,000. JPMorgan Chase & Co. grew its stake in 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. International Assets Investment Management LLC grew its stake in Pool by 37,863.6% during the 3rd quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock worth $51,926,000 after buying an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Pool in the third quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC lifted its stake in Pool by 44.3% in the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.1 %

Shares of NASDAQ:POOL opened at $344.00 on Monday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.09 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.03 and a beta of 1.03. The company has a 50 day moving average of $343.47 and a 200-day moving average of $355.67.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. As a group, analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on POOL shares. StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company decreased their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Oppenheimer increased their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $368.00.

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.