3,800 Shares in Pool Corporation $POOL Acquired by AlTi Global Inc.

Key Points

• AlTi Global Inc. recently acquired 3,800 shares of Pool Corporation, valued at approximately $1,108,000, marking a notable addition to their portfolio.
• Institutional investors currently own 98.99% of Pool Corporation's stock, indicating a strong interest from major financial entities.
• Wall Street analysts have varied outlooks on Pool, with three rating it as a Buy and eight as Hold, alongside an average target price of $337.86.

AlTi Global Inc. bought a new position in shares of Pool Corporation (NASDAQ:POOL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the specialty retailer's stock, valued at approximately $1,108,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Pool by 20.3% during the first quarter. Blue Trust Inc. now owns 225 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 38 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Pool by 4.4% during the first quarter. First Horizon Advisors Inc. now owns 901 shares of the specialty retailer's stock worth $287,000 after purchasing an additional 38 shares in the last quarter. Cim LLC raised its holdings in Pool by 1.3% during the first quarter. Cim LLC now owns 2,993 shares of the specialty retailer's stock worth $953,000 after purchasing an additional 38 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Pool by 5.7% in the first quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer's stock valued at $260,000 after buying an additional 44 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Pool by 14.0% in the second quarter. Whittier Trust Co. now owns 375 shares of the specialty retailer's stock valued at $109,000 after buying an additional 46 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Guggenheim assumed coverage on Pool in a report on Wednesday, October 8th. They issued a "neutral" rating on the stock. Wells Fargo & Company upped their price target on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. The Goldman Sachs Group set a $360.00 price target on Pool and gave the company a "buy" rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pool in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $337.86.

Pool Trading Down 2.2%

NASDAQ POOL opened at $293.75 on Friday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 4.03 and a beta of 1.11. The firm's 50 day moving average price is $310.65 and its two-hundred day moving average price is $306.38.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the company posted $3.26 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Pool's payout ratio is currently 45.58%.

Pool Company 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.

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