Pool Co. (NASDAQ:POOL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,344 shares of the specialty retailer's stock after selling 84,600 shares during the period. Handelsbanken Fonder AB owned about 0.33% of Pool worth $43,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in 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 valued at $51,926,000 after acquiring an additional 137,445 shares in the last quarter. Versor Investments LP purchased a new stake in Pool during the 3rd quarter valued at about $720,000. Parnassus Investments LLC grew its stake in Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer's stock valued at $77,142,000 after acquiring an additional 6,987 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new stake in Pool during the 4th quarter valued at about $653,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer's stock valued at $13,601,000 after acquiring an additional 36,403 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Trading Down 0.1 %

Shares of POOL stock traded down $0.32 during trading hours on Friday, hitting $344.00. The company had a trading volume of 780,403 shares, compared to its average volume of 389,321. The company's fifty day moving average is $343.47 and its 200 day moving average is $355.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a market capitalization of $13.09 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Research analysts expect that Pool Co. will post 11.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on POOL shares. Stifel Nicolaus upped their price objective on shares of Pool from $335.00 to $340.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a research note on Thursday. Oppenheimer increased their price target 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. Finally, Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the company a "hold" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $368.00.

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.