Jennison Associates LLC Invests $12.74 Million in Pool Co. (NASDAQ:POOL)

Jennison Associates LLC bought a new stake in shares of Pool Co. (NASDAQ:POOL) in the fourth quarter, Holdings Channel reports. The fund bought 37,352 shares of the specialty retailer’s stock, valued at approximately $12,735,000.

Several other hedge funds also recently added to or reduced their stakes in POOL. Berkshire Hathaway Inc purchased a new stake in Pool in the 3rd quarter worth approximately $152,249,000. JPMorgan Chase & Co. increased its holdings in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares in the last quarter. International Assets Investment Management LLC lifted 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 valued at $51,926,000 after purchasing an additional 137,445 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Pool during the third quarter worth $40,750,000. Finally, Lord Abbett & CO. LLC grew its position in Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital raised their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $368.00.

Pool Stock Down 0.0 %

Shares of NASDAQ:POOL opened at $339.20 on Thursday. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $351.74 and a two-hundred day moving average of $356.96. The stock has a market cap of $12.91 billion, a P/E ratio of 29.19, a PEG ratio of 1.93 and a beta of 1.03.

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.