Rollins, Inc. (ROL) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 120.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 356,600 shares of the business services provider’s stock after acquiring an additional 195,150 shares during the quarter. Swiss National Bank owned 0.16% of Rollins worth $14,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Rollins by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock valued at $506,000 after acquiring an additional 202 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of Rollins by 0.8% during the first quarter. State Treasurer State of Michigan now owns 38,939 shares of the business services provider’s stock valued at $1,446,000 after acquiring an additional 300 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Rollins by 3.5% during the second quarter. Tocqueville Asset Management L.P. now owns 10,930 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 373 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Rollins by 3.1% during the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 371 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Rollins by 7.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 349,709 shares of the business services provider’s stock valued at $12,985,000 after acquiring an additional 23,605 shares during the last quarter. 37.28% of the stock is owned by institutional investors.

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A number of analysts recently commented on the company. BidaskClub downgraded Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Instinet increased their price target on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Saturday, July 29th.

In related news, insider John F. Wilson sold 12,876 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 56.30% of the company’s stock.

Shares of Rollins, Inc. (ROL) opened at 44.56 on Tuesday. Rollins, Inc. has a 12 month low of $28.00 and a 12 month high of $44.98. The company’s 50 day moving average price is $43.93 and its 200-day moving average price is $40.56. The stock has a market capitalization of $9.71 billion, a P/E ratio of 53.49 and a beta of 0.30.

Rollins (NYSE:ROL) last released its quarterly earnings data 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 analysts’ expectations of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. Equities analysts predict that Rollins, Inc. will post $0.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were given a $0.115 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.46 annualized dividend and a yield of 1.03%. Rollins’s dividend payout ratio (DPR) is presently 55.42%.

Rollins 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.

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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