Rollins, Inc. (ROL) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,106,679 shares of the business services provider’s stock after selling 272,561 shares during the period. Rollins accounts for approximately 0.8% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 25th largest position. Gamco Investors INC. ET AL owned approximately 1.43% of Rollins worth $126,473,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ROL. Alps Advisors Inc. raised its stake in shares of Rollins by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,101 shares of the business services provider’s stock worth $533,000 after buying an additional 34 shares in the last quarter. Bollard Group LLC raised its stake in shares of Rollins by 0.3% in the second quarter. Bollard Group LLC now owns 18,897 shares of the business services provider’s stock worth $769,000 after buying an additional 50 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Rollins by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 24,139 shares of the business services provider’s stock worth $896,000 after buying an additional 96 shares in the last quarter. Penobscot Investment Management Company Inc. raised its stake in shares of Rollins by 0.9% in the first quarter. Penobscot Investment Management Company Inc. now owns 11,782 shares of the business services provider’s stock worth $437,000 after buying an additional 110 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of Rollins by 1.4% in the second quarter. Advisors Preferred LLC now owns 10,229 shares of the business services provider’s stock worth $416,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 37.86% of the company’s stock.

Shares of Rollins, Inc. (NYSE:ROL) opened at 44.19 on Thursday. Rollins, Inc. has a 12 month low of $27.95 and a 12 month high of $44.64. The firm has a 50-day moving average of $42.25 and a 200-day moving average of $39.55. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 53.05 and a beta of 0.29.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, analysts anticipate that Rollins, Inc. will post $0.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, August 8th. Rollins’s payout ratio is 55.42%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://sportsperspectives.com/2017/08/17/rollins-inc-rol-shares-sold-by-gamco-investors-inc-et-al.html.

A number of brokerages have weighed in on ROL. Nomura restated a “buy” rating and issued a $40.00 target price on shares of Rollins in a research report on Thursday, April 27th. BidaskClub upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Instinet raised their target price on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Saturday, July 29th.

About Rollins

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.

Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL).

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

Receive News & Ratings for Rollins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply