Allianz Asset Management GmbH Acquires 182 Shares of Pool Corporation $POOL

Allianz Asset Management GmbH lifted its holdings in Pool Corporation (NASDAQ:POOL) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,677 shares of the specialty retailer’s stock after purchasing an additional 182 shares during the period. Allianz Asset Management GmbH’s holdings in Pool were worth $9,525,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank increased its stake in shares of Pool by 3.1% in the first quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock worth $2,571,000 after purchasing an additional 246 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Pool by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock worth $1,560,000 after buying an additional 559 shares in the last quarter. MFG Wealth Management Inc. acquired a new stake in Pool during the first quarter worth about $921,000. Virtu Financial LLC acquired a new stake in Pool during the first quarter worth about $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in 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 buying an additional 10,421 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 2.9%

Shares of POOL opened at $302.63 on Wednesday. The company has a market capitalization of $11.29 billion, a P/E ratio of 27.92, a PEG ratio of 4.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.52 and a quick ratio of 0.87. Pool Corporation has a one year low of $282.22 and a one year high of $395.60. The business’s 50 day simple moving average is $312.39 and its 200-day simple moving average is $306.45.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, July 24th. The specialty retailer reported $5.17 EPS for the quarter, topping the consensus estimate of $5.12 by $0.05. Pool had a return on equity of 30.99% and a net margin of 7.79%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $4.99 EPS. Pool’s revenue was up .9% compared to the same quarter last year. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, sell-side analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, August 14th. Pool’s payout ratio is 46.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted their target price on Pool from $310.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their target price on Pool from $300.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Oppenheimer lifted their target price on Pool from $322.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, KeyCorp initiated coverage on Pool in a research report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.14.

Pool 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.