Assenagon Asset Management S.A. Reduces Stock Holdings in Pool Corporation $POOL

Assenagon Asset Management S.A. reduced its holdings in shares of Pool Corporation (NASDAQ:POOL) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,794 shares of the specialty retailer’s stock after selling 4,240 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Pool worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new stake in shares of Pool during the third quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new position in shares of Pool in the second quarter worth $30,000. MUFG Securities EMEA plc acquired a new stake in shares of Pool during the second quarter worth $33,000. Allworth Financial LP lifted its stake in shares of Pool by 133.3% during the third quarter. Allworth Financial LP now owns 126 shares of the specialty retailer’s stock worth $39,000 after buying an additional 72 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Pool Stock Performance

Shares of NASDAQ:POOL opened at $198.74 on Monday. The business’s 50 day moving average price is $235.03 and its 200-day moving average price is $255.68. Pool Corporation has a 1 year low of $197.13 and a 1 year high of $345.00. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 0.59.

Pool (NASDAQ:POOL) last announced its 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). Pool had a net margin of 7.67% and a return on equity of 31.49%. The firm had revenue of $982.21 million for the quarter, compared to analyst estimates of $999.14 million. During the same period in the previous year, the company earned $0.97 EPS. Pool’s revenue was down .5% compared to the same quarter last year. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, equities research analysts forecast that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Pool’s dividend payout ratio is currently 46.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on POOL shares. Oppenheimer cut their target price on Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group cut their price objective on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Wall Street Zen cut Pool from a “hold” rating to a “sell” rating in a research note on Sunday. Stifel Nicolaus decreased their target price on Pool from $240.00 to $232.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $246.00 target price on Pool in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and a consensus 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.