Rollins, Inc. (NYSE:ROL) Holdings Reduced by Horizon Investments LLC

Horizon Investments LLC trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 91.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,849 shares of the business services provider’s stock after selling 51,289 shares during the period. Horizon Investments LLC’s holdings in Rollins were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ROL. BlackRock Inc. lifted its position in shares of Rollins by 58.2% during the 4th quarter. BlackRock Inc. now owns 10,373,534 shares of the business services provider’s stock valued at $374,484,000 after acquiring an additional 3,815,622 shares during the period. Norges Bank acquired a new position in shares of Rollins during the 4th quarter worth approximately $50,875,000. Vanguard Group Inc raised its position in shares of Rollins by 13.6% during the 3rd quarter. Vanguard Group Inc now owns 11,698,763 shares of the business services provider’s stock worth $709,998,000 after purchasing an additional 1,398,615 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Rollins by 64.5% during the 4th quarter. Geode Capital Management LLC now owns 2,374,960 shares of the business services provider’s stock worth $85,615,000 after purchasing an additional 931,002 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Rollins by 108.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,704,441 shares of the business services provider’s stock worth $61,530,000 after purchasing an additional 887,959 shares during the last quarter. Institutional investors own 40.34% of the company’s stock.

Shares of NYSE ROL traded up $0.19 during trading on Friday, hitting $37.46. 662,706 shares of the company traded hands, compared to its average volume of 1,579,131. The stock has a 50-day moving average of $37.27. Rollins, Inc. has a 1 year low of $33.75 and a 1 year high of $43.91. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 52.76 and a beta of 0.38.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $438.55 million. During the same period last year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 0.72 EPS for the current fiscal year.

Several research analysts recently issued reports on ROL shares. Macquarie assumed coverage on Rollins in a research report on Monday, April 29th. They set a “neutral” rating and a $38.90 price objective for the company. Nomura boosted their price target on Spotify from $188.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price target on FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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