CW Advisors LLC Buys 1,644 Shares of Pool Corporation $POOL

Key Points

• CW Advisors LLC increased its stake in Pool Corporation by 21.0%, acquiring an additional 1,644 shares, bringing its total holdings to 9,473 shares valued at approximately $3,016,000.
• Several institutional investors have also increased their holdings in Pool, with Marshall Wace LLP raising its position by 106.4% during the fourth quarter.
• Pool Corporation announced a quarterly dividend of $1.25 per share, representing a 1.5% dividend yield, along with a share buyback plan to repurchase $600 million in shares.

CW Advisors LLC grew its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,473 shares of the specialty retailer's stock after buying an additional 1,644 shares during the period. CW Advisors LLC's holdings in Pool were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of POOL. Marshall Wace LLP raised its position in shares of Pool by 106.4% during the fourth quarter. Marshall Wace LLP now owns 11,081 shares of the specialty retailer's stock valued at $3,778,000 after buying an additional 5,711 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Pool during the fourth quarter valued at approximately $68,000. Dimensional Fund Advisors LP raised its position in shares of Pool by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 328,151 shares of the specialty retailer's stock valued at $111,878,000 after buying an additional 5,454 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Pool by 0.6% during the fourth quarter. MetLife Investment Management LLC now owns 11,703 shares of the specialty retailer's stock valued at $3,990,000 after buying an additional 75 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Pool by 2.3% during the fourth quarter. MML Investors Services LLC now owns 6,488 shares of the specialty retailer's stock valued at $2,212,000 after buying an additional 146 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

POOL has been the topic of several recent analyst reports. Oppenheimer lifted their price objective on shares of Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company boosted their price target on shares of Pool from $300.00 to $320.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Robert W. Baird boosted their price target on shares of Pool from $310.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Stephens reduced their price target on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Pool has a consensus rating of "Hold" and an average target price of $342.14.

Pool Trading Up 4.9%

POOL stock opened at $323.73 on Friday. 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 Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 4.48 and a beta of 1.07. The firm's fifty day simple moving average is $306.10 and its two-hundred day simple moving average is $313.52.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $5.17 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business posted $4.99 earnings per share. The business'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. As a group, analysts anticipate 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 will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, August 14th. Pool's payout ratio is currently 46.13%.

Pool announced that its Board of Directors has initiated a share buyback plan on Wednesday, April 30th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.

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