Envestnet Portfolio Solutions Inc. Lowers Stake in Pool Corporation $POOL

Envestnet Portfolio Solutions Inc. lowered its position in shares of Pool Corporation (NASDAQ:POOL) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,267 shares of the specialty retailer’s stock after selling 408 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Pool were worth $952,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings 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 purchasing an additional 398 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new stake in shares of Pool during the second quarter valued at approximately $10,856,000. Aberdeen Group plc raised its position in shares of Pool by 3.7% during the second quarter. Aberdeen Group plc now owns 34,334 shares of the specialty retailer’s stock valued at $10,008,000 after buying an additional 1,224 shares during the last quarter. Blue Trust Inc. raised its position in shares of Pool by 24.4% during the second quarter. Blue Trust Inc. now owns 280 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 55 shares during the last quarter. Finally, L. Roy Papp & Associates LLP raised its position in shares of Pool by 11.5% during the second quarter. L. Roy Papp & Associates LLP now owns 2,135 shares of the specialty retailer’s stock valued at $622,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 0.0%

Shares of POOL opened at $290.21 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.87 and a current ratio of 2.52. Pool Corporation has a fifty-two week low of $282.22 and a fifty-two week high of $395.60. The stock has a market capitalization of $10.83 billion, a PE ratio of 26.77, a P/E/G ratio of 3.96 and a beta of 1.11. The company’s fifty day moving average is $312.84 and its 200 day moving average is $306.62.

Pool (NASDAQ:POOL) last posted its quarterly earnings data 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 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 analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business posted $4.99 earnings per share. The business’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. Sell-side 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 was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Pool’s payout ratio is 46.13%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POOL. 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 boosted their price target on shares of Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. William Blair restated a “market perform” rating on shares of Pool in a research report on Wednesday. Robert W. Baird boosted their price target on shares of Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Oppenheimer boosted their price target on shares of Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Pool 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.