Brevan Howard Capital Management LP Lowers Holdings in Pool Corporation $POOL

Brevan Howard Capital Management LP decreased its position in Pool Corporation (NASDAQ:POOL) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,218 shares of the specialty retailer’s stock after selling 7,924 shares during the period. Brevan Howard Capital Management LP’s holdings in Pool were worth $4,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Berkshire Hathaway Inc lifted its stake 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 worth $1,008,196,000 after buying an additional 1,994,885 shares in the last quarter. Wellington Management Group LLP raised its holdings in Pool by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock worth $794,825,000 after acquiring an additional 357,643 shares during the last quarter. Invesco Ltd. raised its holdings in Pool by 11.1% in the 2nd quarter. Invesco Ltd. now owns 699,628 shares of the specialty retailer’s stock worth $203,928,000 after acquiring an additional 70,075 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Pool by 35.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock valued at $179,564,000 after acquiring an additional 160,878 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Pool by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock valued at $135,958,000 after acquiring an additional 1,337 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

POOL opened at $206.64 on Monday. The company’s 50 day moving average is $244.80 and its 200 day moving average is $263.63. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.58 and a beta of 1.25. Pool Corporation has a 12-month low of $203.80 and a 12-month high of $345.00.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 19th. The specialty retailer reported $0.84 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 previous year, the business posted $0.97 EPS. Pool’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, equities research analysts predict that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, March 12th. Pool’s dividend payout ratio is currently 46.13%.

Insider Buying and Selling

In other news, CFO Melanie M. Hart sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $220.00, for a total transaction of $605,000.00. Following the transaction, the chief financial officer owned 18,039 shares of the company’s stock, valued at approximately $3,968,580. The trade was a 13.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Romain Kenneth G. St purchased 5,560 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average price of $218.67 per share, for a total transaction of $1,215,805.20. Following the completion of the acquisition, the senior vice president directly owned 82,845 shares in the company, valued at $18,115,716.15. The trade was a 7.19% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

POOL has been the topic of a number of research analyst reports. 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 report on Tuesday, January 13th. Robert W. Baird decreased their target price on Pool from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $246.00 price target on shares of Pool in a report on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of Pool from $275.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen cut shares of Pool from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $281.50.

Pool 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.