Impact Capital Partners LLC Invests $663,000 in Pool Co. (NASDAQ:POOL)

Impact Capital Partners LLC bought a new position in Pool Co. (NASDAQ:POOL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,944 shares of the specialty retailer’s stock, valued at approximately $663,000.

A number of other institutional investors have also recently added to or reduced their stakes in POOL. JPMorgan Chase & Co. boosted its holdings in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Geode Capital Management LLC grew its position in Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after buying an additional 6,232 shares in the last quarter. Wasatch Advisors LP lifted its stake in Pool by 0.6% during the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after purchasing an additional 3,428 shares during the period. Bank of New York Mellon Corp lifted its stake in Pool by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock worth $143,167,000 after purchasing an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc bought a new position in shares of Pool in the third quarter valued at approximately $152,249,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on POOL. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company reduced their target price 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool currently has an average rating of “Hold” and an average price target of $368.00.

Pool Stock Down 3.0 %

Shares of POOL opened at $333.34 on Thursday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98. The firm has a market cap of $12.54 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The firm’s 50-day simple moving average is $343.63 and its 200 day simple moving average is $355.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.44%. Pool’s payout ratio is presently 42.55%.

Insiders Place Their Bets

In related 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 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 owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

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.