Mitsubishi UFJ Asset Management Co. Ltd. Trims Stake in Pool Corporation $POOL

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in shares of Pool Corporation (NASDAQ:POOL) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 67,861 shares of the specialty retailer’s stock after selling 3,366 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Pool were worth $21,042,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Berkshire Hathaway Inc lifted its position 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 valued at $1,008,196,000 after acquiring an additional 1,994,885 shares in the last quarter. Norges Bank acquired a new position in Pool in the 2nd quarter valued at about $113,617,000. Worldquant Millennium Advisors LLC raised its stake in Pool by 1,301.7% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 194,880 shares of the specialty retailer’s stock valued at $56,804,000 after purchasing an additional 180,977 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 purchasing an additional 160,878 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Pool by 1,201.2% during the 2nd quarter. SG Americas Securities LLC now owns 90,211 shares of the specialty retailer’s stock worth $26,295,000 after purchasing an additional 83,278 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Price Performance

Shares of Pool stock opened at $227.18 on Monday. The business’s fifty day moving average price is $248.10 and its 200 day moving average price is $271.05. Pool Corporation has a twelve month low of $210.67 and a twelve month high of $374.74. 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 stock has a market capitalization of $8.36 billion, a P/E ratio of 20.96, a PEG ratio of 2.84 and a beta of 1.25.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 19th. The specialty retailer reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). The firm had revenue of $982.21 million during the quarter, compared to analysts’ expectations of $999.14 million. Pool had a return on equity of 31.49% and a net margin of 7.67%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. Pool has set its FY 2026 guidance at 10.850-11.150 EPS. As a group, research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $1.25 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.00 annualized dividend and a yield of 2.2%. Pool’s dividend payout ratio (DPR) is presently 46.13%.

Insider Buying and Selling

In other Pool news, CFO Melanie M. Hart sold 2,750 shares of Pool stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total transaction of $605,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Romain Kenneth G. St acquired 5,560 shares of the company’s stock in a transaction dated 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. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on POOL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Pool in a research report on Monday, December 29th. The Goldman Sachs Group cut their price target on Pool from $360.00 to $310.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Robert W. Baird reduced their price target on Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Oppenheimer lowered their price objective on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Cfra upgraded Pool from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research note on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus target price of $281.50.

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.