Pool Co. (NASDAQ:POOL) CEO De La Mesa Manuel J. Perez sold 30,000 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $119.99, for a total transaction of $3,599,700.00. Following the transaction, the chief executive officer now directly owns 61,651 shares in the company, valued at $7,397,503.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Pool Co. (NASDAQ:POOL) traded down 0.31% during midday trading on Monday, reaching $120.58. 161,748 shares of the company’s stock were exchanged. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 34.75 and a beta of 0.88. Pool Co. has a 52 week low of $83.85 and a 52 week high of $121.31. The firm has a 50-day moving average price of $113.37 and a 200 day moving average price of $102.80.
Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 16th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $445.20 million for the quarter. Pool had a net margin of 5.86% and a return on equity of 59.21%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. Analysts anticipate that Pool Co. will post $4.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 15th will be given a $0.31 dividend. The ex-dividend date is Monday, March 13th. This represents a $1.24 annualized dividend and a yield of 1.03%. Pool’s dividend payout ratio is currently 35.94%.
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POOL has been the topic of several analyst reports. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, November 23rd. Wedbush increased their target price on shares of Pool from $109.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 14th. Finally, Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $103.00 to $130.00 in a research report on Friday, February 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $117.25.
A number of large investors have recently bought and sold shares of POOL. AMP Capital Investors Ltd boosted its stake in Pool by 189.2% in the third quarter. AMP Capital Investors Ltd now owns 12,434 shares of the company’s stock valued at $1,174,000 after buying an additional 8,134 shares in the last quarter. Marietta Investment Partners LLC bought a new stake in Pool during the third quarter valued at approximately $2,350,000. Hancock Holding Co. boosted its stake in Pool by 17.1% in the third quarter. Hancock Holding Co. now owns 161,434 shares of the company’s stock valued at $15,259,000 after buying an additional 23,541 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Pool during the fourth quarter valued at approximately $24,326,000. Finally, Russell Investments Group Ltd. bought a new stake in Pool during the fourth quarter valued at approximately $9,228,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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