Rollins, Inc. (ROL) Shares Sold by ProShare Advisors LLC
ProShare Advisors LLC lowered its holdings in shares of Rollins, Inc. (NYSE:ROL) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,067 shares of the business services provider’s stock after selling 1,347 shares during the quarter. ProShare Advisors LLC’s holdings in Rollins were worth $288,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Rollins by 24.8% during the second quarter. Amalgamated Bank now owns 19,249 shares of the business services provider’s stock worth $784,000 after purchasing an additional 3,825 shares during the period. BlackRock Inc. raised its position in shares of Rollins by 14.7% during the second quarter. BlackRock Inc. now owns 8,686,772 shares of the business services provider’s stock worth $353,638,000 after purchasing an additional 1,111,350 shares during the period. Nationwide Fund Advisors raised its position in shares of Rollins by 2.2% during the second quarter. Nationwide Fund Advisors now owns 163,194 shares of the business services provider’s stock worth $6,644,000 after purchasing an additional 3,473 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Rollins during the second quarter worth about $297,000. Finally, Ameriprise Financial Inc. raised its position in shares of Rollins by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 366,599 shares of the business services provider’s stock worth $14,925,000 after purchasing an additional 9,609 shares during the period. 37.33% of the stock is currently owned by institutional investors.
Shares of Rollins, Inc. (NYSE ROL) opened at 47.48 on Thursday. The company has a 50-day moving average price of $45.07 and a 200-day moving average price of $41.97. Rollins, Inc. has a 12 month low of $28.00 and a 12 month high of $47.68. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 57.00 and a beta of 0.31.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting 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 return on equity of 30.26% and a net margin of 11.22%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Analysts forecast that Rollins, Inc. will post $0.85 earnings per share for the current fiscal year.
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In other Rollins news, insider John F. Wilson sold 12,876 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total value of $574,269.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.30% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on ROL shares. BidaskClub lowered Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Saturday, July 29th.
Rollins Company Profile
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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