Ontario Teachers Pension Plan Board Sells 1,782 Shares of Pool Corporation $POOL

Ontario Teachers Pension Plan Board reduced its stake in Pool Corporation (NASDAQ:POOL) by 21.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,712 shares of the specialty retailer’s stock after selling 1,782 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Pool were worth $1,956,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its position in shares of Pool by 6.4% in the 1st quarter. Apollon Wealth Management LLC now owns 1,637 shares of the specialty retailer’s stock worth $521,000 after purchasing an additional 98 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Pool during the first quarter worth $2,400,000. Jennison Associates LLC raised its stake in Pool by 5.1% during the first quarter. Jennison Associates LLC now owns 39,255 shares of the specialty retailer’s stock worth $12,497,000 after buying an additional 1,903 shares during the last quarter. Diversify Advisory Services LLC raised its stake in Pool by 13.5% during the first quarter. Diversify Advisory Services LLC now owns 1,356 shares of the specialty retailer’s stock worth $399,000 after buying an additional 161 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Pool by 4.9% in the first quarter. Private Advisor Group LLC now owns 1,499 shares of the specialty retailer’s stock valued at $477,000 after buying an additional 70 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on POOL shares. Wall Street Zen raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research note on Thursday. The Goldman Sachs Group set a $360.00 target price on Pool and gave the stock a “buy” rating in a report on Thursday, October 23rd. KeyCorp began coverage on Pool in a report on Tuesday, September 30th. They set a “sector weight” rating on the stock. Finally, Guggenheim started coverage on shares of Pool in a research note on Wednesday, October 8th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $337.86.

Pool Stock Down 1.5%

POOL stock opened at $242.32 on Monday. The stock’s 50 day simple moving average is $294.25 and its 200 day simple moving average is $302.17. The company has a market cap of $9.03 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.87 and a current ratio of 2.57. Pool Corporation has a fifty-two week low of $241.90 and a fifty-two week high of $395.60.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. Pool had a return on equity of 31.40% and a net margin of 7.77%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $3.26 earnings per share. The company’s quarterly 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, research analysts expect that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. Pool’s dividend payout ratio is presently 45.58%.

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.