Corient Private Wealth LP Takes $93.01 Million Position in Pool Corporation $POOL

Corient Private Wealth LP acquired a new stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 432,813 shares of the specialty retailer's stock, valued at approximately $93,011,000. Corient Private Wealth LP owned 1.19% of Pool as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in POOL. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Pool by 20.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 270 shares of the specialty retailer's stock valued at $62,000 after buying an additional 45 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of Pool by 4.8% during the fourth quarter. Wealthspire Advisors LLC now owns 1,051 shares of the specialty retailer's stock valued at $240,000 after buying an additional 48 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Pool by 1.5% in the first quarter. Pacer Advisors Inc. now owns 3,384 shares of the specialty retailer's stock worth $685,000 after buying an additional 51 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Pool by 4.8% in the second quarter. Snowden Capital Advisors LLC now owns 1,163 shares of the specialty retailer's stock valued at $339,000 after acquiring an additional 53 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of Pool by 1.1% in the first quarter. Campbell Newman Asset Management Inc. now owns 4,840 shares of the specialty retailer's stock valued at $979,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

More Pool News

Here are the key news stories impacting Pool this week:

• Positive Sentiment: DA Davidson upgraded Pool to “Hold.” The change likely offers some support because it represents an improvement from the firm’s previous rating, although a Hold remains a cautious view rather than a bullish endorsement. Zacks.com

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DA Davidson started coverage on shares of Pool in a research note on Monday. They set a "neutral" rating and a $210.00 price objective for the company. Stephens reissued an "overweight" rating and issued a $225.00 price target on shares of Pool in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research report on Friday, July 24th. Stifel Nicolaus decreased their price target on shares of Pool from $235.00 to $189.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Finally, Bank of America lowered their price objective on Pool from $226.00 to $206.00 and set an "underperform" rating on the stock in a research report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Pool currently has an average rating of "Hold" and an average target price of $233.10.

Pool Stock Up 1.1%

Shares of NASDAQ POOL opened at $188.38 on Thursday. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average of $200.11 and a 200-day moving average of $205.75. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.52 and a beta of 1.06. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $336.15.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.05. Pool had a net margin of 7.40% and a return on equity of 32.74%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $5.17 earnings per share. Pool's quarterly revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Sell-side analysts expect that Pool Corporation will post 10.94 earnings per share for the current fiscal year.

Pool announced that its board has initiated a share repurchase program on Wednesday, April 29th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.8%. Pool's dividend payout ratio is presently 47.84%.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation's extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company's product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.

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