Sei Investments Co. Purchases 95,074 Shares of Pool Corporation $POOL

Sei Investments Co. increased its position in shares of Pool Corporation (NASDAQ:POOL) by 146.9% during the 1st quarter, Holdings Channel reports. The firm owned 159,799 shares of the specialty retailer’s stock after purchasing an additional 95,074 shares during the quarter. Sei Investments Co.’s holdings in Pool were worth $32,331,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in POOL. T. Rowe Price Investment Management Inc. lifted its position in shares of Pool by 3,831.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,001,987 shares of the specialty retailer’s stock worth $457,955,000 after buying an additional 1,951,070 shares in the last quarter. Norges Bank bought a new position in shares of Pool in the fourth quarter valued at approximately $97,612,000. Wellington Management Group LLP grew its holdings in shares of Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after acquiring an additional 357,643 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Pool during the fourth quarter valued at approximately $68,625,000. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Pool by 254.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 339,716 shares of the specialty retailer’s stock valued at $77,710,000 after acquiring an additional 243,907 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on POOL shares. Robert W. Baird set a $260.00 price target on Pool in a report on Friday. Zacks Research raised Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wells Fargo & Company cut their price target on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft set a $185.00 price target on shares of Pool in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $235.67.

Insider Buying and Selling

In related news, Director John E. Stokely purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $193.06 per share, for a total transaction of $193,060.00. Following the completion of the transaction, the director directly owned 16,230 shares in the company, valued at approximately $3,133,363.80. This represents a 6.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James D. Hope purchased 464 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $194.41 per share, for a total transaction of $90,206.24. Following the completion of the transaction, the director owned 3,678 shares of the company’s stock, valued at approximately $715,039.98. This trade represents a 14.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 21,989 shares of company stock worth $4,042,747. Company insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of NASDAQ POOL opened at $184.61 on Tuesday. The company has a current ratio of 2.67, a quick ratio of 0.91 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $196.17 and a two-hundred day simple moving average of $215.73. Pool Corporation has a 1-year low of $172.68 and a 1-year high of $336.15. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.05. Pool had a return on equity of 32.74% and a net margin of 7.40%.The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $5.17 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.660-10.960 EPS. Analysts anticipate that Pool Corporation will post 10.98 earnings per share for the current year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $1.30 per share. This is a positive change from Pool’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. Pool’s payout ratio is currently 47.84%.

Pool declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 29th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the specialty retailer to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Pool Company Profile

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.