Bancreek Capital Management LP Sells 14,835 Shares of Pool Co. (NASDAQ:POOL)

Bancreek Capital Management LP reduced its stake in Pool Co. (NASDAQ:POOL - Free Report) by 84.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,830 shares of the specialty retailer's stock after selling 14,835 shares during the period. Pool accounts for approximately 0.9% of Bancreek Capital Management LP's investment portfolio, making the stock its 18th biggest position. Bancreek Capital Management LP's holdings in Pool were worth $965,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its holdings in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after buying an additional 69 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Pool in the 3rd quarter worth about $31,000. Atala Financial Inc bought a new stake in Pool in the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Pool during the 4th quarter worth approximately $30,000. Finally, Private Trust Co. NA increased its holdings in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 60 shares during the period. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

POOL has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool presently has an average rating of "Hold" and a consensus target price of $368.00.

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Pool Price Performance

Shares of POOL traded up $1.30 during midday trading on Wednesday, hitting $326.93. The company's stock had a trading volume of 308,511 shares, compared to its average volume of 363,192. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool Co. has a one year low of $293.51 and a one year high of $415.05. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company's fifty day simple moving average is $342.15 and its two-hundred day simple moving average is $354.12.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analysts' expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. As a group, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool's payout ratio is 42.55%.

Insider Buying and Selling at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm'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 value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

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.