Gabelli Funds LLC Reduces Stake in Rollins, Inc. (ROL)

Gabelli Funds LLC lessened its stake in Rollins, Inc. (NYSE:ROL) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,084,000 shares of the business services provider’s stock after selling 153,150 shares during the quarter. Rollins comprises 0.8% of Gabelli Funds LLC’s investment portfolio, making the stock its 6th biggest position. Gabelli Funds LLC owned 1.41% of Rollins worth $142,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ROL. BlackRock Inc. raised its stake in Rollins by 13,047.7% in the first quarter. BlackRock Inc. now owns 7,575,422 shares of the business services provider’s stock valued at $281,276,000 after purchasing an additional 7,517,804 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Rollins in the second quarter valued at about $64,889,000. State Street Corp raised its stake in Rollins by 22.0% in the second quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock valued at $124,482,000 after purchasing an additional 551,185 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Rollins by 38.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,142,621 shares of the business services provider’s stock valued at $46,516,000 after purchasing an additional 314,410 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Rollins by 2.9% in the second quarter. Vanguard Group Inc. now owns 9,992,641 shares of the business services provider’s stock valued at $406,800,000 after purchasing an additional 282,781 shares in the last quarter. 37.39% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on ROL shares. BidaskClub raised Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. 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 note on Saturday, July 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Rollins in a research report on Sunday, October 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.67.

In other Rollins news, insider John F. Wilson sold 12,876 shares of Rollins stock in a transaction dated 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 accessible through this link. Insiders own 56.30% of the company’s stock.

Rollins, Inc. (ROL) traded down $0.17 during trading on Monday, reaching $45.11. The company’s stock had a trading volume of 125,999 shares, compared to its average volume of 608,545. Rollins, Inc. has a 1 year low of $30.33 and a 1 year high of $48.29. The company has a market capitalization of $9,869.92, a PE ratio of 54.55 and a beta of 0.26.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). Rollins had a net margin of 11.15% and a return on equity of 29.60%. The business had revenue of $450.40 million during the quarter, compared to the consensus estimate of $449.92 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 6.2% on a year-over-year basis. sell-side analysts forecast that Rollins, Inc. will post 0.85 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be given a $0.10 dividend. This represents a yield of 1.04%. The ex-dividend date is Thursday, November 9th. Rollins’s dividend payout ratio is presently 54.76%.

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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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