Massachusetts Financial Services Co. MA Sells 46,805 Shares of Pool Corporation $POOL

by · The Markets Daily

Massachusetts Financial Services Co. MA lessened its position in Pool Corporation (NASDAQ:POOL – Free Report) by 7.6% in the third quarter, HoldingsChannel reports. The firm owned 569,236 shares of the specialty retailer’s stock after selling 46,805 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Pool were worth $176,503,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in POOL. Clearstead Trust LLC purchased a new stake in Pool in the second quarter worth $25,000. Chilton Capital Management LLC bought a new stake in shares of Pool during the 2nd quarter valued at $30,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Pool in the 2nd quarter worth about $30,000. MUFG Securities EMEA plc bought a new position in shares of Pool in the 2nd quarter worth about $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Pool during the 2nd quarter valued at about $34,000. 98.99% of the stock is currently owned by institutional investors.

Pool Price Performance

Shares of POOL opened at $267.99 on Tuesday. Pool Corporation has a twelve month low of $226.10 and a twelve month high of $374.74. The company has a market capitalization of $9.98 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 4.72 and a beta of 1.23. The firm has a 50 day moving average of $241.56 and a 200 day moving average of $282.68. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76.

Pool (NASDAQ:POOL – Get Free Report) last issued its earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 EPS for the quarter, beating the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.The company’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. As a group, equities research analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is presently 45.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on POOL shares. KeyCorp initiated coverage on shares of Pool in a report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Baird R W raised Pool from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird set a $320.00 price objective on Pool and gave the company an “outperform” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $308.00.

View Our Latest Report on POOL

Pool Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Corporation (NASDAQ:POOL – Free Report).