Suntrust Banks Inc. trimmed its position in shares of Pool Corporation (NASDAQ:POOL) by 25.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,745 shares of the specialty retailer’s stock after selling 3,021 shares during the quarter. Suntrust Banks Inc.’s holdings in Pool Corporation were worth $1,027,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. FCG Advisors LLC raised its position in shares of Pool Corporation by 0.3% during the second quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 6 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Pool Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,035 shares of the specialty retailer’s stock worth $710,000 after purchasing an additional 23 shares during the period. Hanseatic Management Services Inc. raised its position in shares of Pool Corporation by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 12,440 shares of the specialty retailer’s stock worth $1,463,000 after purchasing an additional 37 shares during the period. Sawtooth Solutions LLC raised its position in shares of Pool Corporation by 2.3% during the second quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 44 shares during the period. Finally, McQueen Ball & Associates Inc. raised its position in shares of Pool Corporation by 0.3% during the second quarter. McQueen Ball & Associates Inc. now owns 15,303 shares of the specialty retailer’s stock worth $1,799,000 after purchasing an additional 47 shares during the period. 92.14% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Sidoti raised Pool Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Zacks Investment Research raised Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, July 25th. BidaskClub raised Pool Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $127.00.

Shares of Pool Corporation (NASDAQ:POOL) opened at 113.54 on Thursday. The company has a 50-day moving average price of $105.03 and a 200-day moving average price of $114.45. Pool Corporation has a 52-week low of $88.65 and a 52-week high of $124.26. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 29.51 and a beta of 0.92.

Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The business had revenue of $988.16 million during the quarter. During the same period in the prior year, the company earned $1.98 EPS. Pool Corporation’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Pool Corporation will post $4.11 earnings per share for the current year.

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About Pool Corporation

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

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Institutional Ownership by Quarter for Pool Corporation (NASDAQ:POOL)

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