Bennett Selby Investments LP Sells 3,511 Shares of Pool Corporation $POOL

Bennett Selby Investments LP lessened its holdings in shares of Pool Corporation (NASDAQ:POOL) by 69.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,557 shares of the specialty retailer’s stock after selling 3,511 shares during the period. Bennett Selby Investments LP’s holdings in Pool were worth $356,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in POOL. Berkshire Hathaway Inc grew its stake in shares of Pool by 136.3% during the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after purchasing an additional 1,994,885 shares during the period. Norges Bank bought a new stake in Pool in the second quarter valued at about $113,617,000. Wellington Management Group LLP lifted its stake in Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after buying an additional 357,643 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in Pool by 1,301.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 194,880 shares of the specialty retailer’s stock valued at $56,804,000 after buying an additional 180,977 shares during the period. Finally, Invesco Ltd. boosted its holdings in Pool by 11.1% during the second quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after buying an additional 70,075 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

POOL stock opened at $200.34 on Monday. The stock has a 50-day moving average price of $241.25 and a two-hundred day moving average price of $259.99. Pool Corporation has a 1 year low of $197.68 and a 1 year high of $345.00. The stock has a market cap of $7.37 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 19th. The specialty retailer reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The firm had revenue of $982.21 million during the quarter, compared to the consensus estimate of $999.14 million. Pool had a net margin of 7.67% and a return on equity of 31.49%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Equities analysts forecast that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $1.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.00 annualized dividend and a yield of 2.5%. Pool’s payout ratio is presently 46.13%.

Insiders Place Their Bets

In other news, SVP Romain Kenneth G. St purchased 5,560 shares of Pool stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $218.67 per share, with a total value of $1,215,805.20. Following the transaction, the senior vice president directly owned 82,845 shares in the company, valued at $18,115,716.15. The trade was a 7.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez purchased 5,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $205.00 per share, with a total value of $1,025,000.00. Following the completion of the purchase, the director directly owned 110,108 shares in the company, valued at approximately $22,572,140. This represents a 4.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the subject of several analyst reports. Cfra upgraded Pool from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research report on Monday, December 22nd. The Goldman Sachs Group cut their price target on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Oppenheimer decreased their price objective on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Robert W. Baird lowered their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $281.50.

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.