Norges Bank purchased a new stake in Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,409,275 shares of the business services provider’s stock, valued at approximately $50,875,000. Norges Bank owned approximately 0.43% of Rollins as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its stake in shares of Rollins by 441.9% in the fourth quarter. Teacher Retirement System of Texas now owns 184,751 shares of the business services provider’s stock valued at $6,670,000 after buying an additional 150,659 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Rollins by 61.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,042,411 shares of the business services provider’s stock valued at $37,629,000 after buying an additional 397,259 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Rollins by 55.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 29,554 shares of the business services provider’s stock valued at $1,067,000 after buying an additional 10,553 shares during the period. FMR LLC increased its stake in shares of Rollins by 899.4% in the fourth quarter. FMR LLC now owns 361,341 shares of the business services provider’s stock valued at $13,045,000 after buying an additional 325,187 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in shares of Rollins in the fourth quarter valued at approximately $231,000. 39.84% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on ROL shares. Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research note on Saturday, January 5th. Nomura reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Rollins in a research note on Monday, January 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.00.
Rollins stock opened at $41.84 on Thursday. Rollins, Inc. has a 1 year low of $32.08 and a 1 year high of $42.95. The company has a market capitalization of $13.65 billion, a PE ratio of 58.93 and a beta of 0.49.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, January 23rd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Rollins had a net margin of 12.72% and a return on equity of 33.03%. The firm had revenue of $444.62 million during the quarter, compared to analyst estimates of $446.61 million. During the same period in the prior year, the company earned $0.10 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts expect that Rollins, Inc. will post 0.77 EPS for the current fiscal year.
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Rollins Company 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.
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