WCM Investment Management LLC Raises Stock Position in Pool Corporation $POOL

Key Points

• WCM Investment Management LLC has increased its stake in Pool Corporation by 21.7%, owning 7,568 shares valued at $2.216 million after acquiring 1,349 additional shares in the second quarter.
• Pool Corporation recently reported an earnings per share (EPS) of $5.17, beating analysts' estimates of $5.12, while achieving a net margin of 7.79%.
• The company declared a quarterly dividend of $1.25 per share, amounting to an annualized yield of 1.7%, with a payout ratio of 46.13%.

WCM Investment Management LLC boosted its position in shares of Pool Corporation (NASDAQ:POOL - Free Report) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,568 shares of the specialty retailer's stock after acquiring an additional 1,349 shares during the period. WCM Investment Management LLC's holdings in Pool were worth $2,216,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in Pool by 0.6% during the second quarter. Allianz Asset Management GmbH now owns 32,677 shares of the specialty retailer's stock valued at $9,525,000 after acquiring an additional 182 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Pool by 1.7% during the second quarter. Bridges Investment Management Inc. now owns 72,202 shares of the specialty retailer's stock valued at $21,045,000 after acquiring an additional 1,218 shares in the last quarter. JGP Wealth Management LLC grew its stake in Pool by 0.4% during the second quarter. JGP Wealth Management LLC now owns 34,099 shares of the specialty retailer's stock valued at $9,939,000 after acquiring an additional 151 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Pool by 18.2% during the second quarter. Sequoia Financial Advisors LLC now owns 2,586 shares of the specialty retailer's stock valued at $754,000 after acquiring an additional 398 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. bought a new stake in Pool during the second quarter valued at approximately $10,856,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Trading Down 0.1%

NASDAQ:POOL opened at $290.17 on Friday. The company has a fifty day moving average of $313.15 and a 200 day moving average of $306.99. Pool Corporation has a 52 week low of $282.22 and a 52 week 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 firm has a market capitalization of $10.83 billion, a P/E ratio of 26.77, a P/E/G ratio of 3.97 and a beta of 1.11.

Pool (NASDAQ:POOL - Get Free Report) last posted 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. Pool had a net margin of 7.79% and a return on equity of 30.99%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $4.99 EPS. The firm'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. On average, research analysts predict that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool's dividend payout ratio is currently 46.13%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POOL. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pool in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Pool from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Wells Fargo & Company lifted their target price 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. Robert W. Baird lifted their target price on shares of Pool from $310.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, William Blair reiterated a "market perform" rating on shares of Pool in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.

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