Impact Capital Partners LLC Makes New Investment in Pool Co. (NASDAQ:POOL)

Impact Capital Partners LLC acquired a new position in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,944 shares of the specialty retailer’s stock, valued at approximately $663,000.

Other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Pool in the third quarter valued at approximately $720,000. Parnassus Investments LLC grew its stake in Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after buying an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new position in Pool in the 4th quarter worth approximately $653,000. Finally, National Bank of Canada FI grew its stake in Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after buying an additional 4,954 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Down 3.0 %

Shares of NASDAQ POOL opened at $333.34 on Thursday. 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 $420.98. The firm has a market capitalization of $12.54 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The firm has a fifty day simple moving average of $343.63 and a two-hundred day simple moving average of $355.75.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Equities analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is 42.55%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on POOL. Wells Fargo & Company cut their price target on shares of 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 cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $368.00.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

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.