Oppenheimer Asset Management Inc. Has $9.42 Million Stake in Rollins, Inc. $ROL

Oppenheimer Asset Management Inc. lowered its position in Rollins, Inc. (NYSE:ROL) by 4.9% in the second quarter, HoldingsChannel.com reports. The fund owned 166,987 shares of the business services provider’s stock after selling 8,547 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rollins were worth $9,421,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ROL. AMF Tjanstepension AB raised its stake in shares of Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after acquiring an additional 2,346,592 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Rollins in the first quarter valued at approximately $59,073,000. Nuveen LLC bought a new stake in Rollins in the first quarter valued at approximately $54,685,000. Vanguard Group Inc. increased its stake in Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Rollins in the first quarter valued at approximately $50,547,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.2%

Shares of NYSE:ROL opened at $56.65 on Monday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $56.91 and its 200 day simple moving average is $56.69. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of 56.09 and a beta of 0.69.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Barclays upped their target price on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, UBS Group upped their target price on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.18.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.