Louisiana State Employees Retirement System reduced its position in Rollins Inc. (NYSE:ROL) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Rollins were worth $732,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors Inc. boosted its stake in Rollins by 4.1% in the first quarter. Teachers Advisors Inc. now owns 496,312 shares of the company’s stock worth $13,460,000 after buying an additional 19,581 shares during the period. BlackRock Inc. boosted its stake in Rollins by 23.1% in the first quarter. BlackRock Inc. now owns 41,154 shares of the company’s stock worth $1,116,000 after buying an additional 7,730 shares during the period. BlackRock Group LTD boosted its stake in Rollins by 22.3% in the first quarter. BlackRock Group LTD now owns 61,146 shares of the company’s stock worth $1,658,000 after buying an additional 11,156 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Rollins by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,832,177 shares of the company’s stock worth $76,809,000 after buying an additional 140,393 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Rollins by 2,560.9% in the first quarter. JPMorgan Chase & Co. now owns 33,235 shares of the company’s stock worth $901,000 after buying an additional 31,986 shares during the period. Institutional investors own 35.59% of the company’s stock.
Shares of Rollins Inc. (NYSE:ROL) traded up 0.25% during mid-day trading on Monday, reaching $28.45. 263,934 shares of the company’s stock traded hands. Rollins Inc. has a one year low of $23.69 and a one year high of $29.71. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 39.73 and a beta of 0.41. The firm’s 50-day moving average is $28.73 and its 200 day moving average is $28.10.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The business had revenue of $411.10 million for the quarter, compared to analysts’ expectations of $415.60 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Rollins’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that Rollins Inc. will post $0.76 earnings per share for the current year.
ROL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Saturday, July 30th. Nomura lifted their price objective on shares of Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th.
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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