First National Bank of Omaha Invests $2.18 Million in Pool Corporation $POOL

First National Bank of Omaha bought a new stake in shares of Pool Corporation (NASDAQ:POOL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,014 shares of the specialty retailer’s stock, valued at approximately $2,175,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CNB Bank boosted its stake in shares of Pool by 4.1% during the 3rd quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock worth $285,000 after acquiring an additional 36 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Pool by 4.2% during the third quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pool by 22.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 41 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Pool by 14.0% in the 2nd quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 46 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC increased its stake in Pool by 1.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,228 shares of the specialty retailer’s stock worth $1,001,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Pool from $250.00 to $275.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. Robert W. Baird set a $320.00 price objective on shares of Pool and gave the stock an “outperform” rating in a research note on Monday, January 12th. Stifel Nicolaus lowered their price objective on shares of Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group cut their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $311.13.

Pool Trading Down 0.1%

NASDAQ POOL opened at $255.33 on Thursday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a 1-year low of $226.10 and a 1-year high of $374.74. The firm’s fifty day simple moving average is $250.48 and its 200-day simple moving average is $275.83. The company has a market capitalization of $9.51 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 4.50 and a beta of 1.22.

Pool Profile

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.