Vestmark Advisory Solutions Inc. Has $9.87 Million Stake in Pool Corporation $POOL

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Pool Corporation by 129.0% in Q1, now owning 31,008 shares valued at approximately $9.87 million.
• Several institutional investors have made significant moves regarding Pool, including Mawer Investment Management acquiring a stake worth around $168.73 million.
• Pool announced a new stock repurchase program allowing the buyback of $600 million worth of shares, indicating management's belief that the stock is undervalued.

Vestmark Advisory Solutions Inc. increased its stake in Pool Corporation (NASDAQ:POOL - Free Report) by 129.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,008 shares of the specialty retailer's stock after buying an additional 17,466 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.08% of Pool worth $9,871,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Pool by 12.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 8,898 shares of the specialty retailer's stock valued at $2,833,000 after buying an additional 1,000 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Pool by 173.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 541 shares of the specialty retailer's stock worth $172,000 after acquiring an additional 343 shares in the last quarter. Russell Investments Group Ltd. raised its position in Pool by 0.6% during the first quarter. Russell Investments Group Ltd. now owns 34,946 shares of the specialty retailer's stock worth $11,114,000 after acquiring an additional 202 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Pool by 7.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 12,711 shares of the specialty retailer's stock worth $4,039,000 after acquiring an additional 879 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Pool by 8.9% during the first quarter. Public Sector Pension Investment Board now owns 5,191 shares of the specialty retailer's stock worth $1,653,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on POOL shares. Stifel Nicolaus set a $300.00 price target on shares of Pool in a research report on Friday, April 25th. Wall Street Zen raised shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Stephens dropped 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. Wells Fargo & Company increased their price objective on shares of Pool from $300.00 to $320.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Oppenheimer increased 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. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $342.14.

Pool Stock Performance

Shares of POOL stock traded up $8.0930 on Tuesday, hitting $324.1730. The company's stock had a trading volume of 211,930 shares, compared to its average volume of 517,406. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. The stock's 50 day moving average is $304.48 and its 200-day moving average is $313.92. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The company has a market capitalization of $12.10 billion, a PE ratio of 29.92, a PEG ratio of 4.45 and a beta of 1.07.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.79 billion. During the same period in the prior year, the company posted $4.99 earnings per share. Pool'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. Equities research analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders 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 yield of 1.5%. The ex-dividend date is Thursday, August 14th. Pool's dividend payout ratio is presently 46.13%.

Pool announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 30th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

About Pool

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.