Sumitomo Life Insurance Co. Has $1.71 Million Stock Position in Pool Co. (NASDAQ:POOL)

Sumitomo Life Insurance Co. lessened its holdings in Pool Co. (NASDAQ:POOL) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,025 shares of the specialty retailer’s stock after selling 96 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Pool were worth $1,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of POOL. Brooklyn Investment Group acquired a new stake in shares of Pool during the third quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in Pool during the third quarter worth about $60,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after buying an additional 164 shares during the period. Hilltop National Bank increased its stake in shares of Pool by 18.1% in the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after acquiring an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Pool by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after acquiring an additional 80 shares during the period. 98.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on POOL. Oppenheimer upped their target price on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Robert W. Baird upped their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $369.25.

Pool Trading Down 1.6 %

NASDAQ:POOL opened at $344.70 on Thursday. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a market cap of $13.12 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03. The business has a 50 day moving average price of $355.10 and a two-hundred day moving average price of $356.61.

Pool Company Profile

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.