Pool Corporation $POOL Shares Sold by Villere ST Denis J & Co. LLC

Key Points

• Villere ST Denis J & Co. LLC reduced its stake in Pool Corporation by 2.6% in Q2, holding approximately $37 million in shares, which is about 3.6% of their investment portfolio.
• Several institutional investors increased their holdings in Pool, with significant acquisitions from Mitsubishi UFJ Asset Management and Mirae Asset Global Investments, underscoring a strong institutional interest.
• Pool’s stock has received an average rating of "Hold" from analysts, with a consensus target price now set at $342.14, reflecting mixed sentiment following recent upgrades and ratings changes.

Villere ST Denis J & Co. LLC cut its stake in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,206 shares of the specialty retailer's stock after selling 3,424 shares during the period. Pool comprises approximately 3.6% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 5th biggest position. Villere ST Denis J & Co. LLC owned approximately 0.34% of Pool worth $37,078,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank increased its holdings in shares of Pool by 3.1% during the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer's stock worth $2,571,000 after buying an additional 246 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Pool by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer's stock worth $1,560,000 after buying an additional 559 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Pool during the first quarter worth $921,000. Virtu Financial LLC acquired a new position in shares of Pool during the first quarter worth $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Pool by 17.3% in the first 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 during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on POOL shares. Wall Street Zen upgraded Pool from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Pool in a report on Wednesday. Oppenheimer increased their price objective on Pool from $322.00 to $346.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Guggenheim started coverage on Pool in a report on Wednesday. They issued a "neutral" rating for the company. Finally, KeyCorp started coverage on Pool in a report on Tuesday, September 30th. They issued a "sector weight" rating for the company. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $342.14.

Pool Stock Performance

Shares of POOL opened at $289.91 on Friday. 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 stock has a market capitalization of $10.82 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.11. The firm's fifty day simple moving average is $314.60 and its two-hundred day simple moving average is $307.80. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.05. The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. Pool had a net margin of 7.79% and a return on equity of 30.99%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. Pool's dividend payout ratio is 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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