New York State Common Retirement Fund Increases Holdings in Pool Corporation $POOL

New York State Common Retirement Fund raised its stake in Pool Corporation (NASDAQ:POOL) by 20.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,230 shares of the specialty retailer’s stock after acquiring an additional 7,288 shares during the period. New York State Common Retirement Fund’s holdings in Pool were worth $13,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in Pool in the 2nd quarter worth about $25,000. Root Financial Partners LLC purchased a new position in Pool in the third quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new position in Pool in the second quarter worth about $30,000. Chilton Capital Management LLC bought a new position in shares of Pool in the second quarter worth approximately $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Pool during the second quarter valued at approximately $33,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of POOL opened at $253.60 on Tuesday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 23.12, a PEG ratio of 4.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. Pool Corporation has a one year low of $226.10 and a one year high of $374.74. The business has a fifty day moving average of $245.55 and a 200 day moving average of $279.87.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on POOL. The Goldman Sachs Group reduced their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. William Blair restated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective on the stock in a research report on Monday, December 22nd. Wells Fargo & Company reduced their price objective on Pool from $320.00 to $250.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, Guggenheim began coverage on shares of Pool in a research note on Wednesday, October 8th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $308.00.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.