Pool Corporation $POOL Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in Pool Corporation (NASDAQ:POOL) by 51.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,788 shares of the specialty retailer’s stock after selling 8,192 shares during the quarter. Voya Investment Management LLC’s holdings in Pool were worth $2,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Berkshire Hathaway Inc raised its position in Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after acquiring an additional 1,994,885 shares in the last quarter. Invesco Ltd. grew its stake in shares of Pool by 11.1% during the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after purchasing an additional 70,075 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Pool by 35.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after purchasing an additional 160,878 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Pool by 13.9% in the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock valued at $170,898,000 after purchasing an additional 71,373 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Pool by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 437,139 shares of the specialty retailer’s stock worth $127,417,000 after buying an additional 9,961 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $232.49 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a fifty-two week low of $228.51 and a fifty-two week high of $374.74. The business has a fifty day moving average of $250.99 and a 200-day moving average of $288.08. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 4.36 and a beta of 1.23.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 EPS. 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 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Pool’s dividend payout ratio (DPR) is 45.58%.

Analyst Ratings Changes

POOL has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a report on Monday, December 22nd. Stifel Nicolaus dropped their price objective on Pool from $295.00 to $240.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Wells Fargo & Company decreased their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. KeyCorp initiated coverage on Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Finally, The Goldman Sachs Group set a $360.00 price target on Pool and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pool has an average rating of “Hold” and an average price target of $317.38.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.