Coldstream Capital Management Inc. Reduces Stock Holdings in Pool Corporation $POOL

Coldstream Capital Management Inc. decreased its position in Pool Corporation (NASDAQ:POOL) by 75.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Pool by 16.2% in the third quarter. Wellington Management Group LLP now owns 2,563,373 shares of the specialty retailer’s stock valued at $794,825,000 after purchasing an additional 357,643 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pool by 0.3% during the third quarter. Envestnet Asset Management Inc. now owns 438,476 shares of the specialty retailer’s stock worth $135,958,000 after acquiring an additional 1,337 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Pool by 0.7% in the third quarter. Raymond James Financial Inc. now owns 356,856 shares of the specialty retailer’s stock worth $110,650,000 after buying an additional 2,635 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Pool by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 324,471 shares of the specialty retailer’s stock worth $100,611,000 after buying an additional 9,874 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Pool by 11.5% in the third quarter. American Century Companies Inc. now owns 301,343 shares of the specialty retailer’s stock worth $93,437,000 after buying an additional 31,117 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on POOL shares. Oppenheimer lowered their price objective on Pool from $346.00 to $280.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen upgraded Pool from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company lowered their price objective on Pool from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings downgraded Pool from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Zacks Research upgraded Pool from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $261.38.

Insider Transactions at Pool

In other news, Director David G. Whalen acquired 525 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of $190.44 per share, with a total value of $99,981.00. Following the transaction, the director owned 8,936 shares in the company, valued at $1,701,771.84. The trade was a 6.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. Hope purchased 464 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $194.41 per share, for a total transaction of $90,206.24. Following the completion of the transaction, the director owned 3,678 shares in the company, valued at approximately $715,039.98. This represents a 14.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 26,989 shares of company stock valued at $5,067,747. Insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $181.40 on Friday. The firm has a market cap of $6.61 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.34 and a beta of 1.16. Pool Corporation has a fifty-two week low of $172.68 and a fifty-two week high of $345.00. The business’s 50 day moving average price is $201.61 and its 200-day moving average price is $227.10. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.87.

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

Pool Increases Dividend

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

Pool announced that its Board of Directors has approved a share repurchase program on Wednesday, April 29th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Key Pool News

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.

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.