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Manuel Perez de la Mesa, a director at Pool Corp (NASDAQ:POOL), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Perez de la Mesa sold a total of 27,500 shares of Pool Corp’s common stock. The transactions were executed on February 25, 2025, with shares sold at prices ranging from $347.00 to $349.50, resulting in a total sale value of approximately $9.58 million. The sale occurred near the stock’s current trading price of $342.54, with InvestingPro analysis indicating the stock is trading at relatively high valuation multiples.
In addition to these sales, Perez de la Mesa also exercised options to acquire 27,500 shares of common stock at a price of $69.85 per share. Following these transactions, his direct ownership stands at 62,577 shares. The stock has demonstrated low price volatility, according to InvestingPro data, with analyst price targets ranging from $325 to $400.
These transactions are part of routine portfolio management by the director and provide insight into the trading activities of Pool Corp’s insiders. Pool Corp is a leading distributor of swimming pool supplies and related products, with a market capitalization of $13.06 billion. The company has maintained dividend payments for 21 consecutive years, currently offering a 1.4% yield. For deeper insights into POOL’s valuation and growth prospects, InvestingPro subscribers can access 12 additional exclusive ProTips and comprehensive financial analysis.
In other recent news, Pool Corporation reported better-than-expected financial results for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.98, surpassing the forecast of $0.92, and revenue of $987.5 million, exceeding the predicted $960 million. This positive performance was supported by strategic investments in technology and product innovation, alongside a $103 million reduction in total debt. Despite a 4% decline in full-year revenue to $5.3 billion, Pool Corporation maintained strong market positioning through strategic initiatives. However, the company faced a 15% decline in new pool construction, which impacted overall revenue.
In addition to financial results, Pool Corporation announced the departure of Kristopher R. Neff, Vice President of Strategy and Corporate Development, effective February 18, 2025. This executive change was disclosed in a recent SEC filing, although the company has not provided further details regarding a successor or strategic shifts following Neff’s departure. Analyst discussions during the earnings call highlighted expectations of flat to low single-digit sales growth for 2025, with EPS guidance set between $11.08 and $11.58 per share. The company remains focused on maintaining its robust maintenance business despite macroeconomic challenges, including high interest rates and supply chain disruptions.
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