Rollins, Inc. (ROL) Position Boosted by Principal Financial Group Inc.
Principal Financial Group Inc. boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 44.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,741 shares of the business services provider’s stock after acquiring an additional 68,980 shares during the period. Principal Financial Group Inc.’s holdings in Rollins were worth $8,149,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of ROL. BlackRock Inc. grew its stake in Rollins by 58.2% during the fourth quarter. BlackRock Inc. now owns 10,373,534 shares of the business services provider’s stock valued at $374,484,000 after acquiring an additional 3,815,622 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Rollins by 3,207.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,105,677 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 2,042,003 shares in the last quarter. Vanguard Group Inc grew its stake in Rollins by 13.6% during 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 acquiring an additional 1,398,615 shares in the last quarter. Gabelli Funds LLC grew its stake in Rollins by 44.1% during the fourth quarter. Gabelli Funds LLC now owns 3,509,750 shares of the business services provider’s stock valued at $126,702,000 after acquiring an additional 1,073,513 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Rollins by 64.5% in the 4th quarter. Geode Capital Management LLC now owns 2,374,960 shares of the business services provider’s stock worth $85,615,000 after buying an additional 931,002 shares in the last quarter. 39.84% of the stock is owned by institutional investors.
A number of equities analysts have commented on ROL shares. Zacks Investment Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 12th. Nomura reissued a “buy” rating and issued a $46.00 price target on shares of Rollins in a research note on Monday, January 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.
Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, January 23rd. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Rollins had a return on equity of 33.03% and a net margin of 12.72%. The company had revenue of $444.62 million during the quarter, compared to analysts’ expectations of $446.61 million. During the same period in the prior year, the firm earned $0.10 EPS. Rollins’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 0.77 earnings per share for the current year.
In other Rollins news, insider John F. Wilson sold 30,000 shares of the business’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 value of $1,225,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 56.90% of the stock is owned by insiders.
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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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