Bancreek Capital Management LP Buys 1,881 Shares of Pool Co. (NASDAQ:POOL)

Bancreek Capital Management LP grew its stake in Pool Co. (NASDAQ:POOL) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,665 shares of the specialty retailer’s stock after purchasing an additional 1,881 shares during the period. Pool makes up approximately 4.2% of Bancreek Capital Management LP’s holdings, making the stock its 16th largest holding. Bancreek Capital Management LP’s holdings in Pool were worth $6,656,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of POOL. Tortoise Investment Management LLC boosted its position in Pool by 68.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 103 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Pool by 232.4% in the 2nd quarter. Crewe Advisors LLC now owns 113 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. lifted its stake in shares of Pool by 26.2% in the 2nd quarter. UMB Bank n.a. now owns 207 shares of the specialty retailer’s stock valued at $64,000 after purchasing an additional 43 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Pool in the 2nd quarter valued at $74,000. Finally, Summit Securities Group LLC acquired a new stake in Pool during the 2nd quarter worth $75,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on POOL. Oppenheimer raised their price objective on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their price target on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Robert W. Baird raised their price objective on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $369.11.

Pool Stock Down 4.9 %

Shares of POOL opened at $356.48 on Wednesday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a market cap of $13.57 billion, a P/E ratio of 30.68, a P/E/G ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $363.63 and a two-hundred day simple moving average of $352.49.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Research analysts forecast that Pool Co. will post 11 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.35%. Pool’s dividend payout ratio (DPR) is currently 41.31%.

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.