Torray Investment Partners LLC Purchases 148 Shares of Pool Co. (NASDAQ:POOL)

Torray Investment Partners LLC grew its position in shares of Pool Co. (NASDAQ:POOL) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,580 shares of the specialty retailer’s stock after purchasing an additional 148 shares during the quarter. Torray Investment Partners LLC’s holdings in Pool were worth $4,971,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of POOL. Sierra Ocean LLC bought a new position in Pool during the fourth quarter valued at approximately $30,000. Brooklyn Investment Group bought a new position in shares of Pool during the 3rd quarter valued at $31,000. Private Trust Co. NA raised its position in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Pool in the third quarter worth $60,000. Finally, YANKCOM Partnership purchased a new stake in Pool during the fourth quarter valued at about $61,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company lowered their price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $368.00.

Pool Price Performance

Shares of POOL stock opened at $344.18 on Tuesday. 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 Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The firm has a market cap of $13.10 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.03 and a beta of 1.03. The business’s 50 day moving average price is $342.99 and its 200-day moving average price is $355.63.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $961.04 million. On average, equities research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s payout ratio is currently 42.55%.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s 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 completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents 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 this link. 3.00% of the stock is 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.