Massachusetts Financial Services Co. MA Sells 46,805 Shares of Pool Corporation $POOL

Massachusetts Financial Services Co. MA lowered its position in shares of Pool Corporation (NASDAQ:POOL) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 569,236 shares of the specialty retailer’s stock after selling 46,805 shares during the period. Massachusetts Financial Services Co. MA owned about 1.53% of Pool worth $176,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc lifted its holdings in shares of Pool by 136.3% in the 2nd 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 during the last quarter. Invesco Ltd. lifted its stake in Pool by 11.1% in the second 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 last quarter. William Blair Investment Management LLC boosted its position in Pool by 13.9% during 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 buying an additional 71,373 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Pool by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 437,139 shares of the specialty retailer’s stock valued at $127,417,000 after buying an additional 9,961 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Pool in the second quarter worth about $113,617,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Price Performance

Shares of Pool stock opened at $267.99 on Tuesday. The business has a 50 day moving average of $241.56 and a 200 day moving average of $282.68. Pool Corporation has a 52 week low of $226.10 and a 52 week high of $374.74. The company has a market cap of $9.98 billion, a PE ratio of 24.43, a P/E/G ratio of 4.72 and a beta of 1.23. 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 (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.9%. Pool’s payout ratio is currently 45.58%.

Analysts Set New Price Targets

Several research firms recently issued reports on POOL. Wells Fargo & Company reduced their price target 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. Guggenheim began coverage on shares of Pool in a report on Wednesday, October 8th. They issued a “neutral” rating on the stock. Cfra raised shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 target price on the stock in a research note on Monday, December 22nd. KeyCorp assumed coverage on shares of Pool in a report on Tuesday, September 30th. They set a “sector weight” rating for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $308.00.

About Pool

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.