Robeco Institutional Asset Management B.V. Has $1.97 Million Stock Position in Pool Corporation $POOL

Robeco Institutional Asset Management B.V. increased its holdings in Pool Corporation (NASDAQ:POOL) by 58.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,755 shares of the specialty retailer’s stock after acquiring an additional 2,500 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Pool were worth $1,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Pool by 3.1% in the 1st quarter. Amalgamated Bank now owns 8,076 shares of the specialty retailer’s stock worth $2,571,000 after acquiring an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pool by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,954 shares of the specialty retailer’s stock worth $1,560,000 after acquiring an additional 559 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in shares of Pool in the 1st quarter worth about $921,000. Virtu Financial LLC acquired a new stake in shares of Pool in the 1st quarter worth about $1,084,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Pool by 17.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,755 shares of the specialty retailer’s stock valued at $22,525,000 after buying an additional 10,421 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on POOL. Oppenheimer increased their price objective on shares of Pool from $322.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pool in a research note on Saturday, September 27th. Wells Fargo & Company increased their price objective on shares of Pool from $300.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird increased their price objective on shares of Pool from $310.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $342.14.

Pool Stock Down 2.0%

Pool stock opened at $301.09 on Wednesday. The firm has a 50 day moving average price of $315.42 and a 200-day moving average price of $308.29. The company has a market capitalization of $11.24 billion, a P/E ratio of 27.78, a P/E/G ratio of 4.25 and a beta of 1.11. Pool Corporation has a twelve month low of $282.22 and a twelve month high of $395.60. The company has a quick ratio of 0.87, a current ratio of 2.52 and a debt-to-equity ratio of 0.93.

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

Pool Dividend Announcement

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

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.