Rollins, Inc. (NYSE:ROL) Stake Lowered by Bright Rock Capital Management LLC
Bright Rock Capital Management LLC lowered its position in Rollins, Inc. (NYSE:ROL) by 22.2% during the second quarter, Holdings Channel reports. The firm owned 35,000 shares of the business services provider’s stock after selling 10,000 shares during the period. Bright Rock Capital Management LLC’s holdings in Rollins were worth $1,425,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ROL. State Treasurer State of Michigan boosted its stake in shares of Rollins by 0.8% in the first quarter. State Treasurer State of Michigan now owns 38,939 shares of the business services provider’s stock worth $1,446,000 after buying an additional 300 shares during the period. Advantus Capital Management Inc boosted its stake in shares of Rollins by 3.1% in the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock worth $456,000 after buying an additional 371 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Rollins by 1.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock worth $506,000 after buying an additional 202 shares during the period. BlackRock Inc. boosted its stake in shares of Rollins by 13,047.7% in the first quarter. BlackRock Inc. now owns 7,575,422 shares of the business services provider’s stock worth $281,276,000 after buying an additional 7,517,804 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Rollins by 7.3% in the first quarter. Geode Capital Management LLC now owns 723,687 shares of the business services provider’s stock worth $26,870,000 after buying an additional 49,545 shares during the period. Institutional investors and hedge funds own 37.97% of the company’s stock.
Shares of Rollins, Inc. (ROL) opened at 44.09 on Thursday. Rollins, Inc. has a 52-week low of $27.83 and a 52-week high of $44.64. The firm has a market cap of $9.61 billion, a PE ratio of 52.93 and a beta of 0.29. The firm has a 50-day moving average of $41.97 and a 200 day moving average of $39.21.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The company had revenue of $433.56 million during the quarter, compared to the consensus estimate of $436.81 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Rollins, Inc. will post $0.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, August 8th. Rollins’s dividend payout ratio is currently 55.42%.
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A number of equities research analysts recently issued reports on ROL shares. BidaskClub cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Instinet increased their target price on shares of Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Saturday, July 29th. Finally, Nomura reiterated a “buy” rating and set a $40.00 target price on shares of Rollins in a research report on Thursday, April 27th.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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