Coldstream Capital Management Inc. Decreases Holdings in Pool Corporation $POOL

Coldstream Capital Management Inc. trimmed its stake in Pool Corporation (NASDAQ:POOL) by 75.2% in the 4th quarter, HoldingsChannel reports. The firm owned 1,772 shares of the specialty retailer’s stock after selling 5,371 shares during the period. Coldstream Capital Management Inc.’s holdings in Pool were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Pool in the 1st quarter worth $400,000. Millennium Management LLC increased its stake in Pool by 237.9% in the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock worth $5,536,000 after buying an additional 12,244 shares in the last quarter. Empowered Funds LLC purchased a new stake in Pool in the 1st quarter worth $639,000. Geneos Wealth Management Inc. grew its position in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Pool by 201.2% during 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 in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Pool

Here are the key news stories impacting Pool this week:

• Positive Sentiment: Jim Cramer said Pool Corp. could be a stock that goes higher, which may help sentiment by reinforcing the view that the shares could recover from recent weakness. Jim Cramer: This Real Estate Stock Is ‘Going To Go Higher’
• Positive Sentiment: Argosy Investors disclosed that it added Pool to its portfolio, which can be viewed as a vote of confidence from an institutional investor. Argosy Investors adds Capital One and Pool as it exits multiple holdings
• Neutral Sentiment: There was a note about short interest in Pool rising, but the reported figure was 0 shares, so it does not appear to be a meaningful new signal for the stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on POOL shares. Bank of America cut their price objective on Pool from $229.00 to $226.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $246.00 price target on Pool in a research report on Friday, February 20th. Stifel Nicolaus reduced their price objective on Pool from $240.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $261.38.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $175.95 per share, with a total value of $1,759,500.00. Following the completion of the acquisition, the director directly owned 40,108 shares of the company’s stock, valued at $7,057,002.60. This represents a 33.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Whalen acquired 525 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $190.44 per share, for a total transaction of $99,981.00. Following the completion of the acquisition, the director directly owned 8,936 shares of the company’s stock, valued at approximately $1,701,771.84. The trade was a 6.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 26,989 shares of company stock valued at $5,067,747 over the last three months. 3.00% of the stock is owned by corporate insiders.

Pool Stock Performance

Shares of NASDAQ:POOL opened at $181.40 on Friday. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16. Pool Corporation has a 52 week low of $172.68 and a 52 week high of $345.00. The company has a quick ratio of 0.55, a current ratio of 1.87 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $201.61 and a 200 day moving average of $227.10.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.82 billion. Pool had a net margin of 7.57% and a return on equity of 32.37%. Pool’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Pool has set its FY 2026 guidance at 10.870-11.170 EPS. On average, sell-side analysts predict that Pool Corporation will post 11.08 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Pool’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, May 14th. Pool’s dividend payout ratio is presently 47.84%.

Pool declared that its board has initiated a share repurchase plan on Wednesday, April 29th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.