37,352 Shares in Pool Co. (NASDAQ:POOL) Purchased by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Pool Co. (NASDAQ:POOL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,352 shares of the specialty retailer’s stock, valued at approximately $12,735,000. Jennison Associates LLC owned 0.10% of Pool at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Berkshire Hathaway Inc bought a new position in Pool during the 3rd quarter worth about $152,249,000. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 232,914 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Pool by 37,863.6% in 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 period. Zurich Insurance Group Ltd FI bought a new position in shares of Pool during the third quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC increased its holdings in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of Pool stock opened at $339.20 on Thursday. The company has a 50 day moving average price of $351.74 and a 200 day moving average price of $356.96. The firm has a market capitalization of $12.91 billion, a P/E ratio of 29.19, a PEG ratio of 1.93 and a beta of 1.03. 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 52 week low of $293.51 and a 52 week high of $422.73.

Analysts Set New Price Targets

Several brokerages have issued reports on POOL. Oppenheimer increased their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target 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.