Sumitomo Mitsui Trust Group Inc. Lowers Stock Position in Pool Co. (NASDAQ:POOL)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Pool Co. (NASDAQ:POOL) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,760 shares of the specialty retailer’s stock after selling 868 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Pool were worth $29,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of POOL. CWM LLC raised its position in shares of Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Pool by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 400 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Pool in the 3rd quarter worth about $160,000. Sapient Capital LLC purchased a new position in shares of Pool in the 3rd quarter worth about $604,000. Finally, Creative Planning raised its position in shares of Pool by 1.0% in the 3rd quarter. Creative Planning now owns 5,682 shares of the specialty retailer’s stock worth $2,141,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.6 %

Shares of NASDAQ:POOL opened at $336.35 on Wednesday. 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. The company has a market cap of $12.80 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The stock has a 50 day moving average of $348.42 and a 200 day moving average of $356.74.

Analysts Set New Price Targets

POOL has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price 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 target price 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. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Saturday. Loop Capital boosted their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price target on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool 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.