GW&K Investment Management LLC Has $47.05 Million Stake in Pool Corporation $POOL

GW&K Investment Management LLC reduced its stake in shares of Pool Corporation (NASDAQ:POOL) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 151,721 shares of the specialty retailer’s stock after selling 4,827 shares during the quarter. GW&K Investment Management LLC’s holdings in Pool were worth $47,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CNB Bank boosted its stake in Pool by 4.1% during the 3rd quarter. CNB Bank now owns 918 shares of the specialty retailer’s stock worth $285,000 after acquiring an additional 36 shares during the last quarter. Keybank National Association OH increased its stake in Pool by 4.2% in the third quarter. Keybank National Association OH now owns 999 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 40 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Pool by 22.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 227 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 41 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Pool by 1.4% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,228 shares of the specialty retailer’s stock worth $1,001,000 after purchasing an additional 46 shares in the last quarter. Finally, Heritage Family Offices LLP grew its holdings in shares of Pool by 3.1% in the 3rd quarter. Heritage Family Offices LLP now owns 1,706 shares of the specialty retailer’s stock valued at $529,000 after buying an additional 51 shares during the period. 98.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pool news, 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 sale, the chief financial officer directly owned 18,039 shares of the company’s stock, valued at $3,968,580. The trade was a 13.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Romain Kenneth G. St acquired 5,560 shares of Pool stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $218.67 per share, with a total value of $1,215,805.20. Following the completion of the purchase, the senior vice president owned 82,845 shares in the company, valued at approximately $18,115,716.15. The trade was a 7.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is owned by company insiders.

Pool Stock Performance

POOL opened at $220.31 on Thursday. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.76 and a beta of 1.25. The business’s 50-day moving average price is $247.49 and its two-hundred day moving average price is $269.26. Pool Corporation has a 1 year low of $210.67 and a 1 year high of $374.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 0.59.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $999.14 million. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. Equities analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

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

Analysts Set New Price Targets

POOL has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Pool from $240.00 to $232.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Oppenheimer decreased their target price on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Cfra raised Pool from a “hold” rating to a “buy” rating and set a $304.00 price target on the stock in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft set a $246.00 price target on Pool in a research report on Friday, February 20th. Finally, Wells Fargo & Company lowered their target price on Pool from $275.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $281.50.

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.