Rice Hall James & Associates LLC Sells 2,930 Shares of Pool Co. (NASDAQ:POOL)

Rice Hall James & Associates LLC decreased its holdings in Pool Co. (NASDAQ:POOL) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,967 shares of the specialty retailer’s stock after selling 2,930 shares during the period. Rice Hall James & Associates LLC owned about 0.09% of Pool worth $11,581,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of POOL. Berkshire Hathaway Inc bought a new stake in shares of Pool in the 3rd quarter worth $152,249,000. JPMorgan Chase & Co. boosted its stake 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 worth $474,886,000 after buying an additional 232,914 shares during the last quarter. International Assets Investment Management LLC boosted its stake 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 buying an additional 137,445 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Pool in the 3rd quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Pool by 44.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus raised their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Loop Capital raised their price target on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Saturday, February 8th. Finally, Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $368.00.

Pool Price Performance

NASDAQ POOL opened at $344.28 on Tuesday. The company has a market capitalization of $13.10 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. 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 business’s fifty day moving average is $345.68 and its 200 day moving average is $355.91. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

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.