Parallel Advisors LLC Has $286,000 Stake in Pool Corporation $POOL

Parallel Advisors LLC cut its holdings in shares of Pool Corporation (NASDAQ:POOL) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980 shares of the specialty retailer’s stock after selling 74 shares during the period. Parallel Advisors LLC’s holdings in Pool were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in Pool by 471.4% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. City Holding Co. bought a new stake in Pool during the first quarter worth $26,000. Sentry Investment Management LLC bought a new stake in Pool during the first quarter worth $30,000. Versant Capital Management Inc lifted its stake in Pool by 790.9% during the first quarter. Versant Capital Management Inc now owns 98 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Pool by 53.1% during the first quarter. Brooklyn Investment Group now owns 147 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 51 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of Pool stock opened at $317.92 on Monday. The company has a current ratio of 2.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $315.34 and a two-hundred day moving average price of $310.17. Pool Corporation has a 1-year low of $282.22 and a 1-year high of $395.60. The company has a market cap of $11.86 billion, a P/E ratio of 29.33, a PEG ratio of 4.41 and a beta of 1.08.

Pool (NASDAQ:POOL) last issued its 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. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Pool had a return on equity of 30.99% and a net margin of 7.79%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $4.99 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts anticipate that Pool Corporation will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $1.25 dividend. The ex-dividend date was Thursday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Pool’s dividend payout ratio (DPR) is currently 46.13%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on POOL. Oppenheimer upped their target price on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Robert W. Baird increased their price target on Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Wells Fargo & Company increased their price target on Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus target price of $342.14.

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.