Sumitomo Mitsui Trust Group Inc. Sells 868 Shares of Pool Co. (NASDAQ:POOL)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,760 shares of the specialty retailer’s stock after selling 868 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Pool worth $29,580,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Pool in the 4th quarter worth approximately $61,000. Tyche Wealth Partners LLC bought a new position in shares of Pool in the fourth quarter worth approximately $499,000. Choreo LLC grew its holdings in shares of Pool by 349.4% in the fourth quarter. Choreo LLC now owns 2,557 shares of the specialty retailer’s stock worth $868,000 after purchasing an additional 1,988 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pool by 27.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,395 shares of the specialty retailer’s stock worth $1,513,000 after purchasing an additional 954 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in shares of Pool by 720.0% in the fourth quarter. Y.D. More Investments Ltd now owns 1,230 shares of the specialty retailer’s stock worth $419,000 after purchasing an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of Pool stock opened at $336.35 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $12.80 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.92 and a beta of 1.03. The business has a fifty day simple moving average of $348.42 and a two-hundred day simple moving average of $356.74. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent analyst reports. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Loop Capital raised their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.