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

Sumitomo Life Insurance Co. trimmed its stake in Pool Co. (NASDAQ:POOL) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new position in shares of Pool in the third quarter valued at $152,249,000. JPMorgan Chase & Co. grew its position in shares of Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the period. International Assets Investment Management LLC increased its stake in shares of Pool by 37,863.6% during the 3rd 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 shares of Pool in the 3rd quarter valued at about $40,750,000. Finally, Lord Abbett & CO. LLC lifted its stake in Pool by 44.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after purchasing an additional 66,791 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. 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. Robert W. Baird lifted their price target 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. Finally, Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $369.25.

Pool Trading Down 1.6 %

Shares of NASDAQ POOL opened at $344.70 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The stock 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 firm 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.