Pool Corporation $POOL Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its shares in Pool Corporation by 12.1% in the first quarter, selling 26,129 shares to hold a total of 190,483 shares valued at $60.64 million.
• Other institutional investors, such as Whipplewood Advisors LLC and Versant Capital Management Inc, significantly increased their positions in Pool, highlighting a shift in investment interest toward the company.
• Pool Corporation reported an EPS of $5.17 for the last quarter, surpassing estimates, with a quarterly revenue of $1.78 billion, indicating a 0.9% increase compared to the previous year.

Adage Capital Partners GP L.L.C. lessened its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 12.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 190,483 shares of the specialty retailer's stock after selling 26,129 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.51% of Pool worth $60,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mawer Investment Management Ltd. bought a new position in Pool in the 1st quarter valued at $168,735,000. Massachusetts Financial Services Co. MA bought a new position in Pool in the 1st quarter valued at $144,901,000. GAMMA Investing LLC grew its position in Pool by 33,549.5% in the 1st quarter. GAMMA Investing LLC now owns 259,774 shares of the specialty retailer's stock valued at $82,699,000 after acquiring an additional 259,002 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Pool by 2.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer's stock valued at $716,422,000 after acquiring an additional 50,566 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Pool by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer's stock valued at $409,054,000 after acquiring an additional 44,897 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Up 5.5%

Shares of NASDAQ POOL traded up $17.29 during mid-day trading on Friday, reaching $333.09. 988,436 shares of the company were exchanged, compared to its average volume of 445,452. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 4.62 and a beta of 1.08. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The firm has a 50-day moving average of $310.87 and a 200 day moving average of $311.88.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same period last year, the business posted $4.99 earnings per share. The firm's revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts expect that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio (DPR) is 46.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their price target on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Oppenheimer increased their price target on Pool from $322.00 to $346.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company increased their price target on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $342.14.

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.