AlphaCrest Capital Management LLC reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 28.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,908 shares of the business services provider’s stock after selling 4,792 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Rollins were worth $496,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ROL. Vanguard Group Inc boosted its position in Rollins by 13.6% in the third quarter. Vanguard Group Inc now owns 11,698,763 shares of the business services provider’s stock valued at $709,998,000 after buying an additional 1,398,615 shares in the last quarter. Strs Ohio boosted its position in Rollins by 915.1% in the fourth quarter. Strs Ohio now owns 12,547 shares of the business services provider’s stock valued at $452,000 after buying an additional 11,311 shares in the last quarter. Keybank National Association OH boosted its position in Rollins by 35.7% in the fourth quarter. Keybank National Association OH now owns 9,100 shares of the business services provider’s stock valued at $329,000 after buying an additional 2,393 shares in the last quarter. KBC Group NV boosted its position in Rollins by 57.3% in the fourth quarter. KBC Group NV now owns 11,884 shares of the business services provider’s stock valued at $429,000 after buying an additional 4,329 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Rollins by 94.3% in the fourth quarter. Rhumbline Advisers now owns 355,605 shares of the business services provider’s stock valued at $12,837,000 after buying an additional 172,570 shares in the last quarter. Institutional investors and hedge funds own 40.35% of the company’s stock.
In other news, insider John F. Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $40.84, for a total transaction of $1,225,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.90% of the stock is currently owned by corporate insiders.
A number of equities analysts have commented on ROL shares. Nomura reduced their price target on shares of Rollins from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Macquarie started coverage on shares of Rollins in a research report on Monday, April 29th. They issued a “neutral” rating and a $38.90 price target on the stock. ValuEngine upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Rollins presently has an average rating of “Hold” and an average price target of $38.48.
Shares of ROL stock opened at $37.54 on Wednesday. Rollins, Inc. has a 1 year low of $33.75 and a 1 year high of $43.91. The company has a market cap of $12.53 billion, a PE ratio of 52.87 and a beta of 0.45.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Rollins had a return on equity of 31.78% and a net margin of 12.34%. The company had revenue of $429.10 million for the quarter, compared to analyst estimates of $438.55 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Rollins’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 0.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.12%. Rollins’s payout ratio is 59.15%.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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