Resona Asset Management Co. Ltd. Has $89,000 Stock Holdings in Pool Corporation $POOL

Resona Asset Management Co. Ltd. cut its holdings in Pool Corporation (NASDAQ:POOL) by 96.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386 shares of the specialty retailer’s stock after selling 11,960 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Pool were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in POOL. Jacobs Levy Equity Management Inc. acquired a new stake in Pool in the first quarter valued at approximately $400,000. Millennium Management LLC lifted its stake in Pool by 237.9% in the first quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock valued at $5,536,000 after acquiring an additional 12,244 shares during the last quarter. Empowered Funds LLC acquired a new stake in Pool in the first quarter valued at approximately $639,000. Geneos Wealth Management Inc. lifted its stake in Pool by 164.4% in the first quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 97 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in 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 acquiring an additional 1,344 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pool

In related news, Director John E. Stokely bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $193.06 per share, with a total value of $193,060.00. Following the completion of the transaction, the director owned 16,230 shares of the company’s stock, valued at $3,133,363.80. The trade was a 6.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $175.95 per share, for a total transaction of $1,759,500.00. Following the transaction, the director directly owned 40,108 shares of the company’s stock, valued at $7,057,002.60. This trade represents a 33.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 26,989 shares of company stock valued at $5,067,747 in the last three months. 3.00% of the stock is owned by insiders.

Key Headlines Impacting Pool

Here are the key news stories impacting Pool this week:

• Neutral Sentiment: Corporate announcements from non-U.S. companies involving share pools, buybacks, and incentive-pool changes, which do not appear related to Pool Corporation.
• Neutral Sentiment: Local news about public pool openings and pricing changes, which is unrelated to Pool Corporation’s business performance.
• Neutral Sentiment: Crypto articles referencing “miner pools,” which have no direct bearing on Pool Corporation.

Analyst Ratings Changes

A number of research firms have recently commented on POOL. Deutsche Bank Aktiengesellschaft set a $246.00 price target on shares of Pool in a research report on Friday, February 20th. Wells Fargo & Company dropped their price target on shares of Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Bank of America dropped their price target on shares of Pool from $229.00 to $226.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Zacks Research raised shares of Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Oppenheimer dropped their price target on shares of Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $261.38.

Pool Stock Performance

NASDAQ:POOL opened at $184.64 on Monday. Pool Corporation has a 12 month low of $172.68 and a 12 month high of $345.00. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.34 and a beta of 1.16. 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 company’s 50 day moving average is $203.98 and its 200-day moving average is $229.36.

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

Pool declared that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.8%. This is an increase from Pool’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Thursday, May 14th. Pool’s payout ratio is presently 47.84%.

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.