Advisors Capital Management LLC Increases Stock Holdings in Pool Corporation $POOL

Key Points

• Advisors Capital Management LLC has increased its holdings in Pool Corporation (NASDAQ:POOL) by 8.7% in Q1, now owning 54,614 shares valued at approximately $17.4 million.
• Multiple hedge funds also boosted their stakes in Pool, with notable increases including Gotham Asset Management increasing its stake by 261.1% in Q4.
• Analysts have raised their price targets for Pool, with Oppenheimer increasing theirs from $322 to $346, indicating a positive outlook for the stock.

Advisors Capital Management LLC boosted its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 8.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,614 shares of the specialty retailer's stock after acquiring an additional 4,351 shares during the quarter. Advisors Capital Management LLC owned 0.15% of Pool worth $17,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of POOL. Cetera Investment Advisers boosted its holdings in Pool by 16.0% in the fourth quarter. Cetera Investment Advisers now owns 9,242 shares of the specialty retailer's stock valued at $3,151,000 after purchasing an additional 1,273 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Pool by 261.1% in the 4th quarter. Gotham Asset Management LLC now owns 2,719 shares of the specialty retailer's stock valued at $927,000 after buying an additional 1,966 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Pool by 11.1% in the 4th quarter. Janus Henderson Group PLC now owns 5,213 shares of the specialty retailer's stock valued at $1,778,000 after buying an additional 519 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Pool by 20.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,613 shares of the specialty retailer's stock valued at $550,000 after buying an additional 269 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of Pool in the 4th quarter valued at about $429,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on POOL shares. Oppenheimer lifted their price objective on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Wells Fargo & Company raised their target price on Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their target price on Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Pool currently has an average rating of "Hold" and a consensus target price of $342.14.

Pool Trading Up 3.3%

POOL opened at $329.80 on Friday. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 4.42 and a beta of 1.08. Pool Corporation has a 52 week low of $282.22 and a 52 week high of $395.60. The business's 50 day moving average is $312.96 and its two-hundred day moving average is $311.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

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, topping the consensus estimate of $5.12 by $0.05. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

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

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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