Pool Corporation $POOL Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. significantly reduced its stake in Pool Corporation, cutting holdings by 64.1% during the second quarter, leaving them with 2,097 shares valued at $611,000.
• Pool Corporation's latest earnings report showed an EPS of $5.17, beating expectations, with a revenue of $1.78 billion for the quarter.
• Dividend declared was $1.25 per share, translating to an annualized dividend of $5.00 and a yield of 1.7%.

Vontobel Holding Ltd. cut its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 64.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,097 shares of the specialty retailer's stock after selling 3,749 shares during the period. Vontobel Holding Ltd.'s holdings in Pool were worth $611,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in POOL. GAMMA Investing LLC lifted its holdings in Pool by 5.7% in the first quarter. GAMMA Investing LLC now owns 816 shares of the specialty retailer's stock valued at $260,000 after acquiring an additional 44 shares during the last quarter. CX Institutional acquired a new position in Pool in the first quarter valued at approximately $66,000. Fifth Third Bancorp lifted its holdings in Pool by 6.2% in the first quarter. Fifth Third Bancorp now owns 1,583 shares of the specialty retailer's stock valued at $504,000 after acquiring an additional 93 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Pool by 15.0% in the first quarter. Exchange Traded Concepts LLC now owns 484 shares of the specialty retailer's stock valued at $154,000 after acquiring an additional 63 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in Pool by 7.4% in the first quarter. Conestoga Capital Advisors LLC now owns 133,893 shares of the specialty retailer's stock valued at $42,625,000 after acquiring an additional 9,195 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POOL shares. Oppenheimer upped 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. Robert W. Baird boosted 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Pool in a research report on Wednesday, October 8th. KeyCorp started coverage on Pool in a research report on Tuesday, September 30th. They issued a "sector weight" rating on the stock. Finally, Wells Fargo & Company boosted their target price on Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $342.14.

Pool Stock Up 0.6%

Shares of NASDAQ POOL opened at $291.73 on Tuesday. The stock has a market cap of $10.89 billion, a P/E ratio of 26.91, a PEG ratio of 3.50 and a beta of 1.11. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. Pool Corporation has a 12-month low of $282.22 and a 12-month high of $395.60. The business's fifty day simple moving average is $314.23 and its 200-day simple moving average is $307.39.

Pool (NASDAQ:POOL - Get Free Report) last announced 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 business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $4.99 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a 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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