Pool Corporation $POOL Stock Holdings Lifted by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Pool Corporation by 2.3%, acquiring an additional 50,566 shares, bringing its total to 2,250,422 shares, approximately 5.99% of which is valued at $716.4 million.
• Pooling Corporation's quarterly earnings exceeded consensus estimates, reporting $5.17 earnings per share against an expected $5.12, while the company’s revenue was slightly below projections at $1.78 billion.
• The company announced a quarterly dividend of $1.25 per share, with a 1.5% yield, and authorized a $600 million stock buyback program, indicating confidence in its stock value.

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 2.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,250,422 shares of the specialty retailer's stock after purchasing an additional 50,566 shares during the quarter. Pool makes up approximately 1.8% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, making the stock its 8th largest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 5.99% of Pool worth $716,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 66 shares during the period. City Holding Co. purchased a new stake in Pool in the first quarter worth about $26,000. Sentry Investment Management LLC purchased a new stake in Pool in the first quarter worth about $30,000. Versant Capital Management Inc lifted its stake in Pool by 790.9% in the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 87 shares during the period. Finally, FWL Investment Management LLC purchased a new stake in Pool in the fourth quarter worth about $39,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Down 0.9%

Shares of POOL traded down $3.05 during mid-day trading on Tuesday, hitting $318.38. 527,259 shares of the company traded hands, compared to its average volume of 456,544. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $11.88 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 4.44 and a beta of 1.07. The business has a 50 day moving average of $307.38 and a 200 day moving average of $313.31.

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

Pool announced that its board has approved a stock buyback program on Wednesday, April 30th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, August 14th. Pool's dividend payout ratio is currently 46.13%.

Analyst Upgrades and Downgrades

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

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.