Bridgewater Associates LP Takes Position in Rollins, Inc. (ROL)
Bridgewater Associates LP acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,298 shares of the business services provider’s stock, valued at approximately $297,000.
A number of other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in Rollins by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 366,599 shares of the business services provider’s stock worth $14,925,000 after buying an additional 9,609 shares in the last quarter. Dorsey Wright & Associates lifted its stake in shares of Rollins by 0.6% in the 2nd quarter. Dorsey Wright & Associates now owns 74,022 shares of the business services provider’s stock valued at $3,013,000 after purchasing an additional 454 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Rollins by 2.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 340,703 shares of the business services provider’s stock valued at $13,870,000 after purchasing an additional 9,362 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Rollins by 51.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,092 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 3,432 shares during the period. Finally, Capital Fund Management S.A. lifted its stake in shares of Rollins by 129.7% in the 2nd quarter. Capital Fund Management S.A. now owns 41,800 shares of the business services provider’s stock valued at $1,702,000 after purchasing an additional 23,600 shares during the period. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.30% of the stock is owned by insiders.
A number of research firms recently commented on ROL. BidaskClub upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Saturday, July 29th. Finally, Instinet upped their price objective on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th.
Shares of Rollins, Inc. (ROL) opened at 44.01 on Monday. Rollins, Inc. has a 52-week low of $28.00 and a 52-week high of $44.98. The company has a 50 day moving average of $44.14 and a 200-day moving average of $40.74. The company has a market cap of $9.59 billion, a PE ratio of 52.83 and a beta of 0.30.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. Rollins’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. Analysts forecast that Rollins, Inc. will post $0.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were issued a $0.115 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.46 annualized dividend and a yield of 1.05%. Rollins’s payout ratio is 55.42%.
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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