On June 19, 2023, it was reported that Natixis had significantly increased its position in Pool Co. (NASDAQ:POOL) by a staggering 1,060.6% in the fourth quarter of the previous year. According to its Securities and Exchange Commission (SEC) filing, Natixis owned 28,295 shares of the specialty retailer’s stock after purchasing an additional 25,857 shares during the period. This equated to an ownership percentage of 0.07% and a value of $8,554,000 at the end of the most recent reporting period.
Despite this impressive boost in investment from one of its stakeholders, Pool Co.’s last earnings report released on April 20th did not live up to market expectations. The company reported earnings per share (EPS) of $2.46 for the quarter which fell short of consensus estimates by ($0.80). Nonetheless, Pool had an impressive return on equity of 53.96% and a net margin of 11.23%. However, its revenue for the quarter was only $1.21 billion compared to analysts’ predictions that it would reach $1.30 billion.
Looking forward into fiscal year projections for Pool Co., it is expected to post significant earnings per share at around $15.1 thanks to its continued growth trajectory and growth-oriented operations strategy.
In other news related to Pool’s SEC filings, General Counsel Jennifer M. Neil sold off some shares from her holding earlier in May this year; she sold 2,333 shares at an average price of $352 each bringing in total proceeds of over $821k dollars from the sale transaction alone. As per SEC regulations regarding insider trading disclosures, Neil notified officials through proper channels after this trade was carried out.
Despite Pool’s momentary stock undervaluation relative to investment market expectation back in April which may have been spurred by Jennifer M Neil’s sale reports, the firm has impressed investors and numerous analysts who continue to have faith in Pool’s anticipated earnings per share projections. This ongoing confidence also hints at a potential longevity of the company’s ambitious growth trajectory which could continue even amidst adverse economic conditions.
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Institutional Investor Changes in Pool Corporation: A Q1 Review
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”POOL” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Pool Corporation: A Review of Q1 Institutional Investor Changes
As we approach the halfway mark for the year 2023, it is worth taking a closer look at major institutional investors and what they have been doing with one of the largest and most recognized specialty retailers in the US: Pool Corporation.
The first quarter saw several influential changes to institutional positions in Pool stock. For instance, Cresset Asset Management LLC boosted its stake by 7.2%, bringing its holdings up to 479 shares, currently valued at $203,000 after acquiring an additional 32 shares over the period. In similar fashion, PAX Financial Group LLC increased their shareholdings by 1.7% from Q4 2022 to establish a current stock ownership of 2,032 shares with a value of $614,000 after adding an extra 34 shares during Q1.
A further example is Utah Retirement Systems growing its shareholdings by 0.5% from Q3 last year to hold onto almost seven thousand (6,922) shares worth $2.202 million through purchasing an additional thirty-five (35) shares during this year’s first quarter.
Strong Tower Advisory Services and Foundations Investment Advisors LLC also made significant headway in their bid for more Pool corporation stocks as they added an extra thirty-seven (37) and thirty-eight (38) new stocks respectively within the past four months.
Considering these numbers, it is evident that these institutional investors see potential in the company’s future and believe that prospects are looking good for Pool stocks in the long run.
Moreover, nearly all recent changes have come from hedge funds and institutional investors who accounted for about 98 percent of Pool stock ownership. That statistic echoes sentiment already expressed by many analysts- that having institutional support means there will likely be sustained backing for any bullish trends on this particular retailer’s penstock prices.
Shares opened at $357·95 on Monday, with a one-year range of $278·10 to $423·97. Pool’s market capitalization is currently at $13.96 billion with a price-to-earnings ratio of 21·29. With a beta of 0.94, and an established debt-to-equity ratio (1:06), the company’s key ratios are set up in such a way that investors could benefit from its secure footing.
The fact that General Counsel Jennifer M. Neil recently sold some of her shares in May has raised some eyebrows, however, when you consider the total dividends paid out to record investors on Wednesday, May 31st, at $1·10 per share, it’s clear that there remains underlying confidence in the company in spite of insider trades.
Alongside these events, various research analyst reports have cropped up around Pool Corporation stock. Loop Capital decreased their target price for Pool Corp from $415 to $410 and declared a “Buy” rating for the stock; meanwhile Deutsche Bank Aktiengesellschaft dropped their target estimate from $460 to $445 while also issuing a “Buy” rating for the stock itself during Spring 2023.
Overall, customers and shareholders alike should keep an eye out for further changes like these on Pool Corp’s stocks as we edge towards H2 2034.
