Riverbridge Partners LLC Raises Position in Rollins, Inc. (NYSE:ROL)

Riverbridge Partners LLC lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,123,986 shares of the business services provider’s stock after purchasing an additional 27,928 shares during the period. Rollins accounts for 1.4% of Riverbridge Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Riverbridge Partners LLC owned approximately 0.65% of Rollins worth $72,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ROL. PNC Financial Services Group Inc. increased its stake in shares of Rollins by 1.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 42,959 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 806 shares during the last quarter. Northern Trust Corp increased its stake in shares of Rollins by 6.1% during the 1st quarter. Northern Trust Corp now owns 2,042,172 shares of the business services provider’s stock worth $84,996,000 after purchasing an additional 116,642 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Rollins during the 1st quarter worth approximately $602,000. GYL Financial Synergies LLC purchased a new stake in shares of Rollins during the 1st quarter worth approximately $845,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Rollins by 12.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 317,300 shares of the business services provider’s stock worth $13,206,000 after purchasing an additional 35,390 shares during the last quarter. Institutional investors own 42.16% of the company’s stock.

Several research analysts recently commented on ROL shares. Stifel Nicolaus downgraded shares of Rollins from a “hold” rating to a “sell” rating and cut their price objective for the stock from $36.50 to $25.00 in a report on Wednesday, June 26th. Royal Bank of Canada started coverage on shares of Rollins in a report on Tuesday. They issued a “sector perform” rating and a $34.00 price objective for the company. Finally, Zacks Investment Research raised shares of Rollins from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.87.

ROL opened at $35.17 on Friday. The company has a 50 day moving average of $33.76 and a 200 day moving average of $36.63. The company has a market cap of $11.30 billion, a PE ratio of 49.54 and a beta of 0.34. Rollins, Inc. has a 12 month low of $31.36 and a 12 month high of $43.91. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $524.00 million during the quarter, compared to the consensus estimate of $523.88 million. Rollins had a net margin of 11.99% and a return on equity of 31.43%. Rollins’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Research analysts forecast that Rollins, Inc. will post 0.72 earnings per share for the current fiscal year.

About Rollins

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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