Swedbank AB Sells 6,000 Shares of Pool Co. (NASDAQ:POOL)

Swedbank AB decreased its position in Pool Co. (NASDAQ:POOL - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,187 shares of the specialty retailer's stock after selling 6,000 shares during the period. Swedbank AB owned approximately 0.37% of Pool worth $48,477,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in POOL. Public Sector Pension Investment Board boosted its holdings in shares of Pool by 83.2% in the second quarter. Public Sector Pension Investment Board now owns 1,493 shares of the specialty retailer's stock valued at $459,000 after acquiring an additional 678 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Pool by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,619 shares of the specialty retailer's stock valued at $7,259,000 after purchasing an additional 112 shares in the last quarter. Ascent Group LLC increased its position in shares of Pool by 17.6% during the 2nd quarter. Ascent Group LLC now owns 1,511 shares of the specialty retailer's stock valued at $464,000 after purchasing an additional 226 shares during the period. Regal Investment Advisors LLC raised its stake in shares of Pool by 31.8% in the 2nd quarter. Regal Investment Advisors LLC now owns 713 shares of the specialty retailer's stock worth $219,000 after buying an additional 172 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Pool by 6.6% in the second quarter. Cetera Investment Advisers now owns 7,522 shares of the specialty retailer's stock valued at $2,312,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Price Performance

POOL traded up $4.94 during midday trading on Thursday, hitting $349.64. The company had a trading volume of 62,806 shares, compared to its average volume of 341,619. The firm's 50-day simple moving average is $355.10 and its 200-day simple moving average is $356.61. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company has a market capitalization of $13.31 billion, a PE ratio of 30.06, a P/E/G ratio of 2.02 and a beta of 1.03.

Analysts Set New Price Targets

Several brokerages have commented on POOL. Wells Fargo & Company boosted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the company a "hold" rating in a report on Monday, October 28th. Oppenheimer increased their price objective on Pool from $380.00 to $386.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research note on Sunday, January 19th. Finally, Loop Capital increased their price target on shares of Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pool presently has a consensus rating of "Hold" and an average price target of $369.25.

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.