Rollins, Inc. (ROL) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,264,206 shares of the business services provider’s stock after selling 848,281 shares during the period. Neuberger Berman Group LLC owned about 2.41% of Rollins worth $214,306,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in Rollins by 1.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock valued at $506,000 after buying an additional 202 shares during the period. State Treasurer State of Michigan boosted its position in Rollins by 0.8% in the first quarter. State Treasurer State of Michigan now owns 38,939 shares of the business services provider’s stock valued at $1,446,000 after buying an additional 300 shares during the period. Advantus Capital Management Inc boosted its position in Rollins by 3.1% in the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock valued at $456,000 after buying an additional 371 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Rollins by 7.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 349,709 shares of the business services provider’s stock valued at $12,985,000 after buying an additional 23,605 shares during the period. Finally, Geode Capital Management LLC boosted its position in Rollins by 7.3% in the first quarter. Geode Capital Management LLC now owns 723,687 shares of the business services provider’s stock valued at $26,870,000 after buying an additional 49,545 shares during the period. 37.29% of the stock is currently owned by institutional investors.
Shares of Rollins, Inc. (NYSE:ROL) opened at 44.76 on Monday. Rollins, Inc. has a one year low of $28.00 and a one year high of $44.98. The stock’s 50 day moving average price is $42.93 and its 200 day moving average price is $39.97. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 53.73 and a beta of 0.29.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. Analysts expect that Rollins, Inc. will post $0.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Tuesday, August 8th. Rollins’s dividend payout ratio is currently 55.42%.
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Several equities analysts have weighed in on ROL shares. BidaskClub cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Saturday, July 29th. Finally, Instinet lifted their price target on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 25th.
Rollins, Inc is a service company, which 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, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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