Rollins, Inc. (NYSE:ROL) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its holdings in shares of Rollins, Inc. (NYSE:ROL) by 8.1% in the third quarter, Holdings Channel reports. The firm owned 6,800 shares of the business services provider’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Rollins were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Amundi Pioneer Asset Management Inc. raised its position in Rollins by 62.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 223,006 shares of the business services provider’s stock worth $9,281,000 after buying an additional 86,010 shares during the last quarter. DNB Asset Management AS raised its position in Rollins by 7.4% during the 2nd quarter. DNB Asset Management AS now owns 75,659 shares of the business services provider’s stock worth $2,714,000 after buying an additional 5,182 shares during the last quarter. Riverbridge Partners LLC raised its position in Rollins by 2.0% during the 2nd quarter. Riverbridge Partners LLC now owns 2,096,058 shares of the business services provider’s stock worth $75,186,000 after buying an additional 40,222 shares during the last quarter. Patten Group Inc. raised its position in Rollins by 6.9% during the 2nd quarter. Patten Group Inc. now owns 5,918 shares of the business services provider’s stock worth $212,000 after buying an additional 380 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Rollins by 12.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 42,718 shares of the business services provider’s stock worth $1,532,000 after buying an additional 4,757 shares during the last quarter. Hedge funds and other institutional investors own 42.41% of the company’s stock.

Shares of ROL opened at $38.42 on Thursday. The company has a 50-day simple moving average of $35.77 and a 200-day simple moving average of $36.01. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.65 billion, a PE ratio of 54.11 and a beta of 0.34. Rollins, Inc. has a 52-week low of $31.36 and a 52-week high of $43.91.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. The business had revenue of $556.50 million during the quarter, compared to the consensus estimate of $547.92 million. Rollins had a net margin of 10.42% and a return on equity of 31.20%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, research analysts anticipate that Rollins, Inc. will post 0.73 EPS for the current year.

The business also recently declared a None dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be issued a $0.155 dividend. The ex-dividend date is Thursday, November 7th. Rollins’s dividend payout ratio is presently 59.15%.

A number of brokerages have commented on ROL. Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Thursday, October 24th. Royal Bank of Canada began coverage on shares of Rollins in a research report on Tuesday, October 8th. They set a “sector perform” rating and a $34.00 price objective for the company. Finally, Stifel Nicolaus upgraded shares of Rollins from a “sell” rating to a “hold” rating and upped their price objective for the stock from $28.50 to $34.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.18.

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.

Further Reading: How to execute a trade ex-dividend strategy?

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