Bessemer Group Inc. Has $392,000 Stake in Rollins, Inc. (ROL)

Bessemer Group Inc. lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 47.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,498 shares of the business services provider’s stock after selling 7,771 shares during the quarter. Bessemer Group Inc.’s holdings in Rollins were worth $392,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Quadrant L P CA raised its position in shares of Rollins by 909.7% during the 2nd quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock valued at $157,000 after buying an additional 3,475 shares during the period. Sei Investments Co. raised its position in shares of Rollins by 1,223.2% during the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,159 shares during the period. Hengehold Capital Management LLC purchased a new stake in shares of Rollins during the 3rd quarter valued at approximately $202,000. Clinton Group Inc. purchased a new stake in shares of Rollins during the 2nd quarter valued at approximately $217,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Rollins during the 2nd quarter valued at approximately $221,000. 37.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rollins, Inc. (ROL) opened at $45.01 on Friday. Rollins, Inc. has a 1-year low of $31.39 and a 1-year high of $48.29. The firm has a market cap of $9,811.05, a P/E ratio of 54.23 and a beta of 0.26.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The company had revenue of $450.40 million during the quarter, compared to analyst estimates of $449.92 million. Rollins had a net margin of 11.15% and a return on equity of 29.60%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. research analysts expect that Rollins, Inc. will post 0.85 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.04%. Rollins’s dividend payout ratio (DPR) is 54.76%.

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In other Rollins news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 56.30% of the company’s stock.

ROL has been the subject of several research reports. 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 report on Saturday, July 29th. BidaskClub upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rollins has an average rating of “Buy” and an average target price of $44.67.

Rollins 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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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