United Services Automobile Association decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 68.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,114 shares of the business services provider’s stock after selling 15,119 shares during the period. United Services Automobile Association’s holdings in Rollins were worth $432,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Chevy Chase Trust Holdings Inc. purchased a new stake in Rollins during the 3rd quarter valued at $117,000. Fort L.P. purchased a new position in shares of Rollins in the 2nd quarter worth $122,000. Flagship Harbor Advisors LLC purchased a new position in shares of Rollins in the 2nd quarter worth $174,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Rollins in the 3rd quarter worth $207,000. Finally, BB&T Corp purchased a new position in shares of Rollins in the 3rd quarter worth $207,000. 25.94% of the stock is owned by institutional investors and hedge funds.
Shares of Rollins stock opened at $38.30 on Friday. Rollins, Inc. has a one year low of $29.81 and a one year high of $42.95. The firm has a market capitalization of $12.44 billion, a P/E ratio of 66.03, a P/E/G ratio of 4.88 and a beta of 0.53.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 24th. The business services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $489.64 million. Rollins had a return on equity of 32.90% and a net margin of 11.97%. Rollins’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. On average, analysts anticipate that Rollins, Inc. will post 0.73 earnings per share for the current year.
A number of equities analysts have recently issued reports on ROL shares. Gabelli started coverage on Rollins in a research note on Monday, September 17th. They issued a “hold” rating and a $34.00 price target on the stock. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Buckingham Research raised their price target on Rollins from $33.33 to $37.33 and gave the stock a “neutral” rating in a research note on Monday, October 29th. ValuEngine upgraded Rollins from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Finally, William Blair reaffirmed a “buy” rating on shares of Rollins in a report on Friday, December 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.80.
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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.
See Also: Consumer Price Index (CPI)
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