Edgestream Partners L.P. Buys Shares of 6,111 Pool Co. (NASDAQ:POOL)

Edgestream Partners L.P. bought a new stake in Pool Co. (NASDAQ:POOL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,111 shares of the specialty retailer’s stock, valued at approximately $2,083,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC grew its stake in Pool by 3.7% in the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock valued at $416,000 after purchasing an additional 39 shares in the last quarter. Second Line Capital LLC lifted its position in shares of Pool by 4.8% in the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in shares of Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after buying an additional 53 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Pool by 0.8% in the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Transactions at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Pool Price Performance

Shares of POOL stock opened at $364.31 on Monday. The stock has a 50 day moving average of $343.08 and a two-hundred day moving average of $355.71. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market capitalization of $13.71 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.03 and a beta of 1.05.

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

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s payout ratio is presently 42.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on POOL. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company reduced their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $368.00.

Pool 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.