Pool Co. (NASDAQ:POOL) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in Pool Co. (NASDAQ:POOL) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Pool were worth $682,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Pool in the 3rd quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool in the 3rd quarter valued at about $60,000. YANKCOM Partnership acquired a new stake in shares of Pool in the 4th quarter valued at about $61,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Pool by 101.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. Finally, Hilltop National Bank lifted its position in Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Oppenheimer increased their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus increased their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research 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 report on Tuesday, February 4th. Finally, Loop Capital increased their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $368.00.

Pool Stock Performance

Shares of POOL stock opened at $343.50 on Wednesday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The stock has a 50 day simple moving average of $345.68 and a 200-day simple moving average of $355.91. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. 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.