Allianz Asset Management GmbH Sells 2,340 Shares of Pool Corporation $POOL

Allianz Asset Management GmbH trimmed its holdings in shares of Pool Corporation (NASDAQ:POOL) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,337 shares of the specialty retailer’s stock after selling 2,340 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Pool worth $9,407,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of POOL. Clearstead Trust LLC bought a new position in shares of Pool in the 2nd quarter worth $25,000. Root Financial Partners LLC purchased a new position in Pool in the third quarter valued at about $29,000. Chilton Capital Management LLC bought a new position in Pool in the second quarter worth about $30,000. CYBER HORNET ETFs LLC bought a new position in Pool in the second quarter worth about $30,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Pool during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL opened at $266.14 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The company’s fifty day moving average price is $246.74 and its 200-day moving average price is $278.51. Pool Corporation has a 1-year low of $226.10 and a 1-year high of $374.74. The firm has a market capitalization of $9.91 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 4.69 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on POOL. The Goldman Sachs Group cut their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. Robert W. Baird set a $320.00 price target on Pool and gave the stock an “outperform” rating in a research report on Monday, January 12th. Stifel Nicolaus lowered their price objective on Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company dropped their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $308.00.

Pool Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.