Pool Corp. (POOL) Sees Unusually-High Trading Volume
Pool Corp. (NASDAQ:POOL) saw unusually-high trading volume on Wednesday . Approximately 1,226,710 shares changed hands during trading, an increase of 112% from the previous session’s volume of 578,173 shares.The stock last traded at $95.09 and had previously closed at $94.73.
A number of equities analysts have commented on the stock. KeyCorp reissued a “buy” rating and issued a $94.00 price objective on shares of Pool Corp. in a research note on Wednesday, March 30th. Zacks Investment Research cut shares of Pool Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Robert W. Baird assumed coverage on shares of Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Pool Corp. currently has an average rating of “Buy” and an average target price of $89.00.
The stock has a market capitalization of $4.00 billion and a PE ratio of 30.62. The stock has a 50 day moving average of $90.91 and a 200-day moving average of $85.25.
Pool Corp. (NASDAQ:POOL) last posted its earnings results on Thursday, April 21st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.13. The firm earned $515.30 million during the quarter, compared to analyst estimates of $482.67 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts expect that Pool Corp. will post $3.38 earnings per share for the current fiscal year.
In related news, VP Arthur D. Cook sold 20,454 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $88.00, for a total value of $1,799,952.00. Following the completion of the transaction, the vice president now directly owns 84,466 shares in the company, valued at approximately $7,433,008. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Jennifer M. Neil sold 4,648 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $89.21, for a total transaction of $414,648.08. Following the completion of the transaction, the general counsel now owns 20,796 shares of the company’s stock, valued at $1,855,211.16. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of POOL. WBI Investments Inc. bought a new position in Pool Corp. during the fourth quarter worth $7,383,000. Aberdeen Asset Management PLC UK boosted its position in Pool Corp. by 51.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 258,941 shares of the company’s stock worth $20,663,000 after buying an additional 88,070 shares in the last quarter. Principal Financial Group Inc. boosted its position in Pool Corp. by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 289,429 shares of the company’s stock worth $23,380,000 after buying an additional 10,059 shares in the last quarter. Bank of Montreal Can boosted its position in Pool Corp. by 1.3% in the fourth quarter. Bank of Montreal Can now owns 22,285 shares of the company’s stock worth $1,800,000 after buying an additional 278 shares in the last quarter. Finally, Morgan Stanley boosted its position in Pool Corp. by 504.5% in the fourth quarter. Morgan Stanley now owns 111,302 shares of the company’s stock worth $8,991,000 after buying an additional 92,889 shares in the last quarter.
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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