CI Investments Inc. Acquires 57,835 Shares of Pool Corporation $POOL

CI Investments Inc. boosted its holdings in Pool Corporation (NASDAQ:POOL) by 274.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,914 shares of the specialty retailer’s stock after purchasing an additional 57,835 shares during the period. CI Investments Inc.’s holdings in Pool were worth $24,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc increased its position in shares of Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock valued at $1,008,196,000 after acquiring an additional 1,994,885 shares during the last quarter. Norges Bank bought a new position in Pool in the second quarter valued at approximately $113,617,000. Worldquant Millennium Advisors LLC increased its position in shares of Pool by 1,301.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 194,880 shares of the specialty retailer’s stock worth $56,804,000 after purchasing an additional 180,977 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 worth $179,564,000 after purchasing an additional 160,878 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Pool by 1,201.2% in the 2nd quarter. SG Americas Securities LLC now owns 90,211 shares of the specialty retailer’s stock valued at $26,295,000 after buying an additional 83,278 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Down 0.4%

Shares of POOL opened at $221.22 on Wednesday. The firm has a market cap of $8.14 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.59 and a current ratio of 2.24. Pool Corporation has a 52 week low of $210.67 and a 52 week high of $374.74. The firm’s 50-day simple moving average is $247.71 and its 200 day simple moving average is $269.61.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). Pool had a return on equity of 31.49% and a net margin of 7.67%.The firm had revenue of $982.21 million for the quarter, compared to the consensus estimate of $999.14 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue was down .5% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. On average, analysts forecast that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Pool’s dividend payout ratio (DPR) is currently 46.13%.

Analyst Ratings Changes

POOL has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on shares of Pool in a research note on Friday, February 20th. Robert W. Baird cut their target price on shares of Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group lowered their price target on Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $281.50.

Insiders Place Their Bets

In other Pool news, SVP Romain Kenneth G. St acquired 5,560 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $218.67 per share, for a total transaction of $1,215,805.20. Following the purchase, the senior vice president directly owned 82,845 shares of the company’s stock, valued at $18,115,716.15. This trade represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Melanie M. Hart sold 2,750 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total transaction of $605,000.00. Following the completion of the sale, the chief financial officer directly owned 18,039 shares of the company’s stock, valued at $3,968,580. This represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by company insiders.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.