Handelsbanken Fonder AB Has $43.08 Million Stock Position in Pool Co. (NASDAQ:POOL)

Handelsbanken Fonder AB reduced its position in shares of Pool Co. (NASDAQ:POOL) by 40.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 126,344 shares of the specialty retailer’s stock after selling 84,600 shares during the period. Handelsbanken Fonder AB’s holdings in Pool were worth $43,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. TimesSquare Capital Management LLC grew its holdings in Pool by 62.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock worth $58,825,000 after buying an additional 66,409 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Pool by 298.4% during the fourth quarter. Global Retirement Partners LLC now owns 749 shares of the specialty retailer’s stock worth $255,000 after purchasing an additional 561 shares during the last quarter. Venturi Wealth Management LLC grew its position in Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 43 shares in the last quarter. Empower Advisory Group LLC increased its stake in Pool by 5.3% in the 4th quarter. Empower Advisory Group LLC now owns 189,397 shares of the specialty retailer’s stock valued at $64,573,000 after buying an additional 9,589 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Pool by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 5,818 shares of the specialty retailer’s stock worth $1,984,000 after buying an additional 217 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. 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 report on Friday, October 25th. Stifel Nicolaus raised their price objective on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Oppenheimer boosted their target price 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, Wells Fargo & Company decreased their price target 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Stock Down 0.8 %

POOL opened at $340.87 on Thursday. The company has a 50 day moving average of $344.35 and a 200 day moving average of $355.74. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market cap of $12.97 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03.

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.