Edgestream Partners L.P. Invests $2.08 Million in Pool Co. (NASDAQ:POOL)

Edgestream Partners L.P. bought a new position in Pool Co. (NASDAQ:POOL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,111 shares of the specialty retailer’s stock, valued at approximately $2,083,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in POOL. Berkshire Hathaway Inc acquired a new position in Pool during the 3rd quarter valued at approximately $152,249,000. Raymond James Financial Inc. acquired a new position in Pool during the 4th quarter valued at approximately $116,833,000. JPMorgan Chase & Co. boosted its position in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Pool during the 3rd quarter valued at approximately $40,750,000. Finally, Lord Abbett & CO. LLC boosted its position in Pool by 44.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after purchasing an additional 66,791 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Pool Stock Up 2.0 %

Shares of Pool stock opened at $364.31 on Monday. The stock’s fifty day moving average is $343.08 and its 200-day moving average is $355.71. The firm has a market capitalization of $13.71 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 2.05 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.

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

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued 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 1.32%. Pool’s dividend payout ratio is 42.55%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on POOL. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.