Bell Asset Management Ltd Sells 1,071 Shares of Pool Corporation $POOL

Bell Asset Management Ltd lowered its position in shares of Pool Corporation (NASDAQ:POOL) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,591 shares of the specialty retailer’s stock after selling 1,071 shares during the period. Bell Asset Management Ltd’s holdings in Pool were worth $4,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in POOL. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Pool by 224.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,696 shares of the specialty retailer’s stock worth $17,983,000 after acquiring an additional 42,696 shares during the period. Virtu Financial LLC bought a new position in shares of Pool during the first quarter worth approximately $1,084,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Pool by 17.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock worth $22,525,000 after purchasing an additional 10,421 shares during the period. Geneva Capital Management LLC raised its position in shares of Pool by 11.1% in the second quarter. Geneva Capital Management LLC now owns 96,966 shares of the specialty retailer’s stock valued at $28,264,000 after buying an additional 9,673 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its stake in shares of Pool by 8.7% in the first quarter. Advisors Capital Management LLC now owns 54,614 shares of the specialty retailer’s stock valued at $17,387,000 after buying an additional 4,351 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 0.2%

Shares of NASDAQ POOL opened at $244.27 on Thursday. The stock has a 50-day moving average price of $280.25 and a two-hundred day moving average price of $298.68. Pool Corporation has a 12 month low of $229.63 and a 12 month high of $385.34. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.94 and a beta of 1.12.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed 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 2.0%. Pool’s payout ratio is currently 45.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group set a $360.00 price objective on Pool and gave the company a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $345.00 price target on Pool in a research report on Friday, October 24th. Guggenheim initiated coverage on shares of Pool in a research report on Wednesday, October 8th. They set a “neutral” rating for the company. William Blair reiterated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Tuesday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and a consensus target price of $337.86.

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.