Waverly Advisors LLC grew its position in shares of Pool Corporation (NASDAQ:POOL – Free Report) by 277.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,682 shares of the specialty retailer’s stock after acquiring an additional 28,438 shares during the quarter. Waverly Advisors LLC owned 0.11% of Pool worth $8,313,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in POOL. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Pool by 20.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 270 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 45 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Pool by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 1,051 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 48 shares during the last quarter. Pacer Advisors Inc. increased its stake in Pool by 1.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,384 shares of the specialty retailer’s stock valued at $685,000 after buying an additional 51 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in Pool by 4.8% during the 2nd quarter. Snowden Capital Advisors LLC now owns 1,163 shares of the specialty retailer’s stock worth $339,000 after buying an additional 53 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its position in Pool by 1.1% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 4,840 shares of the specialty retailer’s stock worth $979,000 after buying an additional 55 shares in the last quarter. 98.99% of the stock is owned by institutional investors.
Pool Stock Up 0.3%
Pool stock opened at $177.92 on Thursday. The firm has a market capitalization of $6.47 billion, a PE ratio of 16.37, a P/E/G ratio of 2.40 and a beta of 1.06. The company’s 50-day moving average is $195.74 and its 200-day moving average is $200.39. Pool Corporation has a fifty-two week low of $172.68 and a fifty-two week high of $336.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.67 and a quick ratio of 0.91.
Pool Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $1.30 dividend. The ex-dividend date was Thursday, August 13th. This represents a $5.20 annualized dividend and a yield of 2.9%. Pool’s dividend payout ratio is currently 47.84%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on POOL shares. DA Davidson started coverage on shares of Pool in a research note on Monday, August 24th. They set a “neutral” rating and a $210.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a report on Tuesday, August 11th. Robert W. Baird set a $260.00 price target on Pool in a research report on Friday, July 24th. Oppenheimer decreased their price target on Pool from $280.00 to $227.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Finally, Stephens reiterated an “overweight” rating and set a $225.00 price objective on shares of Pool in a research note on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $233.10.
Get Our Latest Stock Report on POOL
About Pool
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.
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