Neuberger Berman Group LLC Sells 317,042 Shares of Rollins, Inc. (NYSE:ROL)

Neuberger Berman Group LLC trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,611,162 shares of the business services provider’s stock after selling 317,042 shares during the period. Neuberger Berman Group LLC owned 1.71% of Rollins worth $233,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROL. Enlightenment Research LLC bought a new position in Rollins during the fourth quarter valued at $32,000. Icon Wealth Partners LLC bought a new position in shares of Rollins in the first quarter worth $39,000. Proficio Capital Partners LLC boosted its holdings in shares of Rollins by 50.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235 shares of the business services provider’s stock worth $45,000 after acquiring an additional 414 shares during the period. Clarfeld Financial Advisors LLC bought a new position in shares of Rollins in the fourth quarter worth $45,000. Finally, CSat Investment Advisory L.P. bought a new position in shares of Rollins in the fourth quarter worth $46,000. 40.34% of the stock is owned by institutional investors and hedge funds.

Shares of ROL stock traded down $0.76 on Friday, reaching $35.87. The company’s stock had a trading volume of 3,635,334 shares, compared to its average volume of 1,469,437. Rollins, Inc. has a 12-month low of $33.75 and a 12-month high of $43.91. The firm has a market cap of $12.00 billion, a P/E ratio of 50.52 and a beta of 0.45. The company has a 50 day simple moving average of $37.22.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Rollins had a return on equity of 31.78% and a net margin of 12.34%. The business had revenue of $429.10 million during the quarter, compared to analysts’ expectations of $438.55 million. During the same quarter last year, the business posted $0.22 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.17%. Rollins’s dividend payout ratio (DPR) is presently 59.15%.

A number of equities analysts have recently commented on ROL shares. ValuEngine raised Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Nomura cut their price target on Rollins from $46.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Macquarie started coverage on Rollins in a report on Monday, April 29th. They issued a “neutral” rating and a $38.90 price target for the company. Finally, Stifel Nicolaus lowered Rollins from a “hold” rating to a “sell” rating and cut their price target for the stock from $36.50 to $25.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.54.

Rollins 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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