First Citizens Bank & Trust Co. Trims Position in Pool Corporation $POOL

First Citizens Bank & Trust Co. cut its holdings in shares of Pool Corporation (NASDAQ:POOL) by 12.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,644 shares of the specialty retailer’s stock after selling 244 shares during the period. First Citizens Bank & Trust Co.’s holdings in Pool were worth $479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Mawer Investment Management Ltd. purchased a new stake in Pool in the first quarter worth $168,735,000. Massachusetts Financial Services Co. MA purchased a new stake in Pool in the first quarter worth $144,901,000. William Blair Investment Management LLC grew its stake in Pool by 13.9% in the second quarter. William Blair Investment Management LLC now owns 586,310 shares of the specialty retailer’s stock worth $170,898,000 after purchasing an additional 71,373 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake 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 during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Pool by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 1,284,918 shares of the specialty retailer’s stock worth $409,054,000 after acquiring an additional 44,897 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Price Performance

NASDAQ:POOL opened at $293.75 on Friday. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.94 and a beta of 1.11. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The business has a 50 day simple moving average of $310.65 and a 200-day simple moving average of $306.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.57 and a quick ratio of 0.87.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts forecast that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, August 14th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on POOL. The Goldman Sachs Group set a $360.00 target price on Pool and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer increased their target price on Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Guggenheim began coverage on Pool in a research report on Wednesday, October 8th. They issued a “neutral” rating for the company. KeyCorp assumed coverage on Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating for the company. Finally, Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $337.86.

About Pool

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.