Conestoga Capital Advisors LLC Buys 30,000 Shares of Pool Co. (NASDAQ:POOL)

Conestoga Capital Advisors LLC increased its holdings in shares of Pool Co. (NASDAQ:POOL) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,698 shares of the specialty retailer’s stock after buying an additional 30,000 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Pool were worth $42,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in POOL. Berkshire Hathaway Inc purchased a new position in Pool during the third quarter valued at approximately $152,249,000. JPMorgan Chase & Co. raised its position in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after buying an additional 232,914 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Pool by 37,863.6% in the third quarter. International Assets Investment Management LLC now owns 137,808 shares of the specialty retailer’s stock valued at $51,926,000 after purchasing an additional 137,445 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Pool in the 3rd quarter valued at $40,750,000. Finally, Lord Abbett & CO. LLC boosted its stake in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Down 4.0 %

NASDAQ POOL opened at $334.77 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market capitalization of $12.74 billion, a PE ratio of 29.11, a PEG ratio of 1.93 and a beta of 1.03. The business has a fifty day moving average price of $354.33 and a two-hundred day moving average price of $356.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oppenheimer increased their price target on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus upped their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird boosted 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. Finally, Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $369.25.

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.