Semanteon Capital Management LP Purchases New Position in Pool Corporation $POOL

Semanteon Capital Management LP acquired a new position in Pool Corporation (NASDAQ:POOL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,010 shares of the specialty retailer’s stock, valued at approximately $586,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Pool by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,456,246 shares of the specialty retailer’s stock valued at $1,418,646,000 after purchasing an additional 12,795 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pool by 2.3% in 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 purchasing an additional 50,566 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Pool by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock valued at $409,054,000 after buying an additional 44,897 shares during the period. Wellington Management Group LLP lifted its position in Pool by 1.1% during the first quarter. Wellington Management Group LLP now owns 1,054,066 shares of the specialty retailer’s stock valued at $335,562,000 after buying an additional 11,552 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Pool by 35.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after buying an additional 160,878 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Price Performance

NASDAQ:POOL opened at $242.32 on Monday. The business’s 50-day moving average is $294.25 and its 200 day moving average is $302.17. Pool Corporation has a 12 month low of $241.90 and a 12 month high of $395.60. The company has a market capitalization of $9.03 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.94 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 0.87 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 (EPS) for the quarter, beating 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $3.26 earnings per share. Pool’s revenue was up 1.3% on a year-over-year basis. Pool has set its FY 2025 guidance at 10.700-11.200 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 announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is 45.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. KeyCorp began coverage on shares of Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating on the stock. Guggenheim began coverage on shares of Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. William Blair restated a “market perform” rating on shares of Pool in a report on Wednesday, October 15th. Oppenheimer upped their price objective on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Finally, Robert W. Baird set a $345.00 price target on shares of Pool in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target 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.