Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 5,766 Shares of Rollins, Inc. (NYSE:ROL)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,364 shares of the business services provider’s stock after selling 5,766 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Rollins were worth $3,453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. increased its position in shares of Rollins by 62.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 223,006 shares of the business services provider’s stock worth $9,281,000 after purchasing an additional 86,010 shares during the period. DNB Asset Management AS increased its position in shares of Rollins by 7.4% in the second quarter. DNB Asset Management AS now owns 75,659 shares of the business services provider’s stock worth $2,714,000 after purchasing an additional 5,182 shares during the period. Riverbridge Partners LLC increased its position in shares of Rollins by 2.0% in the second quarter. Riverbridge Partners LLC now owns 2,096,058 shares of the business services provider’s stock worth $75,186,000 after purchasing an additional 40,222 shares during the period. Patten Group Inc. increased its position in shares of Rollins by 6.9% in the second quarter. Patten Group Inc. now owns 5,918 shares of the business services provider’s stock worth $212,000 after purchasing an additional 380 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in shares of Rollins by 12.5% in the second quarter. Xact Kapitalforvaltning AB now owns 42,718 shares of the business services provider’s stock worth $1,532,000 after purchasing an additional 4,757 shares during the period. Hedge funds and other institutional investors own 42.39% of the company’s stock.

A number of research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Rollins in a research report on Wednesday. They issued a “hold” rating and a $38.00 price target on the stock. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research report on Thursday, October 24th. Royal Bank of Canada started coverage on Rollins in a research report on Tuesday, October 8th. They issued a “sector perform” rating and a $34.00 target price on the stock. Finally, Stifel Nicolaus upgraded Rollins from a “sell” rating to a “hold” rating and lifted their target price for the company from $28.50 to $34.00 in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.15.

Shares of ROL stock opened at $35.85 on Friday. The business’s 50-day moving average price is $36.95 and its 200-day moving average price is $35.75. Rollins, Inc. has a 12 month low of $31.36 and a 12 month high of $43.91. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 50.49 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. Rollins had a return on equity of 31.20% and a net margin of 10.42%. The firm had revenue of $556.50 million for the quarter, compared to analyst estimates of $547.92 million. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Rollins, Inc. will post 0.73 earnings per share for the current fiscal year.

The company also recently declared a None dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, November 7th. Rollins’s payout ratio is 59.15%.

Rollins Company Profile

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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