Asset Management One Co. Ltd. Reduces Holdings in Pool Corporation $POOL

Asset Management One Co. Ltd. decreased its position in shares of Pool Corporation (NASDAQ:POOL) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,782 shares of the specialty retailer’s stock after selling 9,646 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Pool worth $6,350,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Pool by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock worth $1,418,646,000 after buying an additional 12,795 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Pool by 2.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,250,422 shares of the specialty retailer’s stock worth $716,422,000 after buying an additional 50,566 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pool by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock worth $409,054,000 after buying an additional 44,897 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Pool by 1.1% during the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock worth $335,562,000 after buying an additional 11,552 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in 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. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of recent analyst reports. Oppenheimer raised 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. William Blair restated a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. KeyCorp initiated coverage on shares of Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Wells Fargo & Company raised 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, Weiss Ratings restated a “hold (c-)” rating on shares of Pool in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $337.86.

Pool Stock Performance

Shares of POOL stock opened at $286.95 on Wednesday. Pool Corporation has a 12 month low of $282.22 and a 12 month high of $395.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87. The firm has a market capitalization of $10.71 billion, a P/E ratio of 26.16, a P/E/G ratio of 4.09 and a beta of 1.11. The company’s fifty day moving average price is $309.44 and its two-hundred day moving average price is $306.17.

Pool (NASDAQ:POOL) last issued 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. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $3.26 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. On average, research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

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.