Turtle Creek Wealth Advisors LLC Buys Shares of 70 Pool Co. (NASDAQ:POOL)

Turtle Creek Wealth Advisors LLC bought a new stake in Pool Co. (NASDAQ:POOL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 70 shares of the specialty retailer’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley raised its stake in shares of Pool by 62.4% during the 4th quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock worth $364,021,000 after buying an additional 462,507 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after buying an additional 313,190 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Pool by 463.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock worth $85,686,000 after buying an additional 197,900 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after buying an additional 183,288 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Pool by 11.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,618,956 shares of the specialty retailer’s stock worth $554,395,000 after buying an additional 162,319 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on POOL. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and lifted their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Wells Fargo & Company began coverage on Pool in a research report on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 price objective for the company. TheStreet cut Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price objective on shares of Pool in a research report on Tuesday, March 5th. Finally, Oppenheimer lifted their price objective on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $388.63.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Pool Stock Up 0.3 %

POOL opened at $380.20 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The business has a 50-day moving average of $395.42 and a two-hundred day moving average of $371.93. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. On average, research analysts expect that Pool Co. will post 13.3 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is presently 33.03%.

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.