Nordea Investment Management AB Sells 38,163 Shares of Pool Corporation $POOL

Nordea Investment Management AB lessened its stake in shares of Pool Corporation (NASDAQ:POOL) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 148,898 shares of the specialty retailer’s stock after selling 38,163 shares during the period. Nordea Investment Management AB’s holdings in Pool were worth $34,209,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in Pool in the 1st quarter worth approximately $400,000. Millennium Management LLC boosted its position in Pool by 237.9% during the first 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 acquired a new position in Pool during the first quarter valued at approximately $639,000. Geneos Wealth Management Inc. grew its holdings in Pool by 164.4% during the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 97 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position 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 valued at $639,000 after purchasing an additional 1,344 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $205.26 on Tuesday. Pool Corporation has a 12 month low of $197.68 and a 12 month high of $345.00. The company has a market capitalization of $7.55 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.50 and a beta of 1.25. The stock has a 50 day moving average of $240.18 and a two-hundred day moving average of $259.22. The company has a current ratio of 2.24, a quick ratio of 0.59 and a debt-to-equity ratio of 1.00.

Pool (NASDAQ:POOL) last released 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). The firm had revenue of $982.21 million for the quarter, compared to the consensus estimate of $999.14 million. Pool had a net margin of 7.67% and a return on equity of 31.49%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. As a group, equities analysts expect that Pool Corporation will post 11.32 EPS for the current year.

Pool Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on POOL. The Goldman Sachs Group decreased their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Stifel Nicolaus dropped their target price on shares of Pool from $240.00 to $232.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Oppenheimer cut their target price on shares of Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of Pool from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $281.50.

Insider Activity

In other Pool news, Director De La Mesa Manuel J. Perez bought 5,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $205.00 per share, with a total value of $1,025,000.00. Following the completion of the purchase, the director directly owned 110,108 shares in the company, valued at $22,572,140. The trade was a 4.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Romain Kenneth G. St purchased 5,560 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the transaction, the senior vice president directly owned 82,845 shares of the company’s stock, valued at approximately $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.00% of the company’s stock.

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.