Pool Corporation $POOL Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Pool Corporation by 52.1% during the second quarter, owning 1,318 shares worth $388,000 after selling 1,433 shares.
• Analysts have given mixed ratings for Pool Corporation, with two analysts rating it as a "Buy" and six as "Hold," while the consensus target price is $342.14.
• The company reported $5.17 earnings per share for its last quarter, surpassing analysts' estimates and indicating a 9% year-over-year revenue increase.

Union Bancaire Privee UBP SA cut its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 52.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,318 shares of the specialty retailer's stock after selling 1,433 shares during the period. Union Bancaire Privee UBP SA's holdings in Pool were worth $388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its position in Pool by 3.1% during the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock worth $2,571,000 after acquiring an additional 246 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Pool by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock valued at $1,560,000 after purchasing an additional 559 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Pool in the 1st quarter valued at approximately $921,000. Virtu Financial LLC acquired a new position in shares of Pool in the 1st quarter valued at approximately $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Pool by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer's stock valued at $22,525,000 after purchasing an additional 10,421 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

POOL has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Robert W. Baird upped their target price on Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. KeyCorp initiated coverage on Pool in a research report on Tuesday. They issued a "sector weight" rating on the stock. Wall Street Zen raised Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company boosted their price target on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $342.14.

Pool Price Performance

Shares of NASDAQ POOL opened at $309.18 on Thursday. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 4.30 and a beta of 1.11. The business has a 50 day simple moving average of $316.60 and a 200-day simple moving average of $308.82.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results 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 return on equity of 30.99% and a net margin of 7.79%.The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $4.99 EPS. The business's quarterly revenue was up .9% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts expect that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, August 14th. Pool's dividend 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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