Institute for Wealth Management LLC. Purchases 184 Shares of Pool Co. (NASDAQ:POOL)

Institute for Wealth Management LLC. grew its position in shares of Pool Co. (NASDAQ:POOL) by 22.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 998 shares of the specialty retailer’s stock after acquiring an additional 184 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Pool were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of POOL. Brooklyn Investment Group purchased a new stake in Pool during the third quarter valued at $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pool in the 3rd quarter worth about $60,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 164 shares in the last quarter. Hilltop National Bank lifted its holdings in shares of Pool by 18.1% in the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after acquiring an additional 80 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

POOL has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Stifel Nicolaus increased 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. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Friday. Loop Capital increased their target price on shares of Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $369.25.

Pool Trading Down 1.3 %

NASDAQ POOL opened at $344.25 on Friday. The stock has a market cap of $13.10 billion, a PE ratio of 29.63, a PEG ratio of 1.93 and a beta of 1.03. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company’s 50-day moving average price is $354.33 and its 200-day moving average price is $356.67. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

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.