Pool Corporation $POOL Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp increased its holdings in Pool Corporation (NASDAQ:POOL) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,335 shares of the specialty retailer’s stock after buying an additional 3,458 shares during the quarter. UNIVEST FINANCIAL Corp owned about 0.09% of Pool worth $10,646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Pool during the first quarter worth $400,000. Millennium Management LLC grew its position in Pool by 237.9% during the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock worth $5,536,000 after purchasing an additional 12,244 shares during the period. Empowered Funds LLC purchased a new position in shares of Pool during the 1st quarter valued at about $639,000. Geneos Wealth Management Inc. lifted its holdings in shares of Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Pool by 201.2% in the first quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock worth $639,000 after buying an additional 1,344 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. KeyCorp began coverage on shares of Pool in a research note on Tuesday, September 30th. They issued a “sector weight” rating for the company. Stifel Nicolaus dropped their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 price objective for the company in a research report on Monday, December 22nd. Finally, Robert W. Baird set a $320.00 target price on Pool and gave the company an “outperform” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $308.00.

Pool Stock Up 0.0%

Shares of NASDAQ POOL opened at $266.82 on Friday. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 4.70 and a beta of 1.23. The company’s 50-day simple moving average is $242.43 and its 200-day simple moving average is $282.18. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a 52-week low of $226.10 and a 52-week high of $374.74.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $3.26 EPS. Pool’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, November 12th. Pool’s payout ratio is presently 45.58%.

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.