Rollins, Inc. (ROL) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lifted its stake in Rollins, Inc. (NYSE:ROL) by 38.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142,621 shares of the business services provider’s stock after purchasing an additional 314,410 shares during the quarter. Goldman Sachs Group Inc. owned 0.52% of Rollins worth $46,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. raised its position in Rollins by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,101 shares of the business services provider’s stock valued at $533,000 after acquiring an additional 34 shares in the last quarter. Bollard Group LLC raised its position in Rollins by 0.3% during the second quarter. Bollard Group LLC now owns 18,897 shares of the business services provider’s stock valued at $769,000 after acquiring an additional 50 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Rollins by 0.4% during the first quarter. PNC Financial Services Group Inc. now owns 24,139 shares of the business services provider’s stock valued at $896,000 after acquiring an additional 96 shares in the last quarter. Utah Retirement Systems raised its position in Rollins by 0.6% during the second quarter. Utah Retirement Systems now owns 17,500 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 100 shares in the last quarter. Finally, Advisors Preferred LLC raised its position in Rollins by 1.4% during the second quarter. Advisors Preferred LLC now owns 10,229 shares of the business services provider’s stock valued at $416,000 after acquiring an additional 145 shares in the last quarter. 37.33% of the stock is owned by institutional investors and hedge funds.
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Rollins, Inc. (ROL) opened at 46.87 on Friday. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 56.27 and a beta of 0.31. Rollins, Inc. has a 12 month low of $28.00 and a 12 month high of $46.89. The company’s 50-day moving average is $44.80 and its 200 day moving average is $41.69.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Equities analysts forecast that Rollins, Inc. will post $0.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, August 8th. Rollins’s payout ratio is 55.42%.
In other Rollins news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total value of $574,269.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 56.30% of the company’s stock.
ROL has been the topic of several recent research reports. Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Saturday, July 29th. BidaskClub lowered shares of Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd.
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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