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

Bancreek Capital Management LP boosted its position in Pool Co. (NASDAQ:POOL) by 11.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,665 shares of the specialty retailer’s stock after buying an additional 1,881 shares during the quarter. Pool makes up about 4.2% of Bancreek Capital Management LP’s holdings, making the stock its 16th largest position. Bancreek Capital Management LP’s holdings in Pool were worth $6,656,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Pool by 1.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,102,921 shares of the specialty retailer’s stock worth $646,291,000 after buying an additional 33,955 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Pool by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 854,709 shares of the specialty retailer’s stock worth $262,678,000 after acquiring an additional 11,059 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Pool by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 433,166 shares of the specialty retailer’s stock worth $133,125,000 after acquiring an additional 90,951 shares during the period. American Century Companies Inc. grew its stake in shares of Pool by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 430,300 shares of the specialty retailer’s stock worth $132,244,000 after buying an additional 37,598 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Pool by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 343,382 shares of the specialty retailer’s stock worth $105,531,000 after buying an additional 12,152 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Stifel Nicolaus upped their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wells Fargo & Company increased their price target on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. 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 note 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 research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $369.11.

Pool Stock Down 4.9 %

Shares of NASDAQ:POOL opened at $356.48 on Wednesday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The business has a 50 day simple moving average of $363.63 and a two-hundred day simple moving average of $352.49. The firm has a market capitalization of $13.57 billion, a PE ratio of 30.68, a price-to-earnings-growth 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.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. On average, equities analysts predict that Pool Co. will post 11 EPS for the current year.

Pool Dividend Announcement

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