Pool Corp. (NASDAQ:POOL) insider Mark W. Joslin sold 7,500 shares of Pool Corp. stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $100.85, for a total transaction of $756,375.00. Following the sale, the insider now directly owns 127,859 shares of the company’s stock, valued at approximately $12,894,580.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
A number of brokerages recently commented on POOL. Robert W. Baird began coverage on shares of Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. 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. Finally, Johnson Rice downgraded shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Pool Corp. presently has an average rating of “Buy” and a consensus price target of $90.60.
Pool Corp. (NASDAQ:POOL) traded up 0.90% during trading on Thursday, reaching $102.41. 401,990 shares of the company’s stock traded hands. The company has a market cap of $4.30 billion and a PE ratio of 31.12. Pool Corp. has a 12-month low of $65.56 and a 12-month high of $102.70. The company has a 50 day moving average price of $93.95 and a 200-day moving average price of $87.07.
Several institutional investors recently bought and sold shares of POOL. Rhumbline Advisers boosted its position in Pool Corp. by 7.5% in the fourth quarter. Rhumbline Advisers now owns 60,544 shares of the company’s stock worth $4,891,000 after buying an additional 4,205 shares during the last quarter. First Trust Advisors LP boosted its position in Pool Corp. by 5.1% in the fourth quarter. First Trust Advisors LP now owns 46,596 shares of the company’s stock worth $3,764,000 after buying an additional 2,256 shares during the last quarter. Finally, Swiss National Bank boosted its position in Pool Corp. by 1.9% in the fourth quarter. Swiss National Bank now owns 57,483 shares of the company’s stock worth $4,643,000 after buying an additional 1,083 shares during 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).
