Bancreek Capital Management LP Decreases Stake in Pool Co. (NASDAQ:POOL)

Bancreek Capital Management LP lessened its holdings in shares of Pool Co. (NASDAQ:POOL) by 84.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,830 shares of the specialty retailer’s stock after selling 14,835 shares during the quarter. Pool accounts for 0.9% of Bancreek Capital Management LP’s holdings, making the stock its 18th largest holding. Bancreek Capital Management LP’s holdings in Pool were worth $965,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of POOL. Rakuten Securities Inc. grew its position in shares of Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Atala Financial Inc acquired a new position in Pool during the fourth quarter worth $29,000. Sierra Ocean LLC acquired a new position in Pool during the fourth quarter worth $30,000. Brooklyn Investment Group purchased a new stake in Pool in the 3rd quarter valued at $31,000. Finally, Private Trust Co. NA increased its stake in shares of Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Trading Down 0.1 %

Shares of POOL stock opened at $320.14 on Friday. Pool Co. has a 1-year low of $293.51 and a 1-year high of $420.00. The firm has a market cap of $12.05 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a 50-day moving average of $342.60 and a two-hundred day moving average of $354.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. Pool’s dividend payout ratio is presently 42.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $368.00.

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.