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In recent transactions reported by Pool Corp (NASDAQ:POOL), Director Manuel Perez de la Mesa sold 10,000 shares of common stock on February 24, 2025, at a price of $346 per share, totaling $3.46 million. The sale occurred near the current trading price of $348.72, with the stock trading at a P/E ratio of 29.85. According to InvestingPro analysis, POOL currently shows signs of being slightly undervalued. This sale follows an exercise of 10,000 non-qualified stock options at $69.85 per share on the same day, resulting in a total transaction value of $698,500. After these transactions, Perez de la Mesa holds 62,577 shares directly.
Additionally, there were stock transfers involving family trusts, with no monetary exchange, involving a total of 3,678 shares.
In other recent news, Pool Corporation reported better-than-expected financial results for the fourth quarter of 2024. The company’s earnings per share reached $0.98, exceeding the forecast of $0.92, while revenue also surpassed expectations, coming in at $987.5 million compared to the predicted $960 million. Despite a 4% decline in full-year revenue to $5.3 billion, Pool Corporation maintained its strong market position through strategic investments and innovation. The company also managed to reduce its total debt by $103 million. In another development, Kristopher R. Neff, the Vice President of Strategy and Corporate Development, has left Pool Corporation, as noted in a recent SEC filing. The company did not provide reasons for Neff’s departure or details about his successor. Looking ahead, Pool Corporation projects a flat to low single-digit increase in sales for 2025, with an expected EPS guidance set between $11.08 and $11.58 per share. The company remains optimistic about its maintenance business despite challenges in new pool construction.
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