Asset Management One Co. Ltd. Decreases Stock Position in Pool Co. (NASDAQ:POOL)

Asset Management One Co. Ltd. trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,191 shares of the specialty retailer’s stock after selling 3,090 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Pool worth $10,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in shares of Pool in the 3rd quarter worth about $152,249,000. JPMorgan Chase & Co. raised its position in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. International Assets Investment Management LLC lifted its stake in 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 worth $51,926,000 after purchasing an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Pool in the third quarter worth about $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 worth $81,981,000 after purchasing an additional 66,791 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 1.2 %

POOL stock opened at $344.28 on Tuesday. The firm’s fifty day moving average is $345.68 and its 200 day moving average is $355.91. The firm has a market cap of $13.10 billion, a PE ratio of 29.63, a P/E/G ratio of 1.92 and a beta of 1.03. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39.

Analysts Set New Price Targets

POOL has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Stifel Nicolaus increased their price objective on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.