Here’s Why You Should Consider Buying Pool Corp. (POOL) Shares

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned Pool Corporation (NASDAQ: POOL) and discussed its stance on the firm. Pool Corporation is a Covington, Louisiana-based swimming pool supplies, equipment, and related products distributor with an $18.6 billion market capitalization. POOL delivered a -17.84% return since the beginning of the year, while its 12-month returns are up by 40.97%. The stock closed at $465.04 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about Pool Corporation in its Q4 2021 investor letter:

“Pool is the world’s largest wholesale distributor of swimming pool supplies, equipment, and related leisure products. The stock continues to be an impressive performer, as the company reported yet another quarterly update that exceeded investor expectations. The current strong housing market and positive migration trends toward the Sunbelt have resulted in healthy underlying fundamentals for the pool industry. Additionally, consumers have shown a clear desire to invest in their outdoor living and entertainment spaces, resulting in robust demand for the firm’s products.”

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Our calculations show that Pool Corporation (NASDAQ: POOL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. POOL was in 40 hedge fund portfolios at the end of the third quarter of 2021, compared to 40 funds in the previous quarter. Pool Corporation (NASDAQ: POOL) delivered a -16.05% return in the past 3 months.

In September 2021, we also shared another hedge fund’s views on POOL in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.