Victory Capital Management Inc. Trims Stake in Rollins, Inc. (ROL)

Victory Capital Management Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,759 shares of the business services provider’s stock after selling 6,482 shares during the quarter. Victory Capital Management Inc.’s holdings in Rollins were worth $2,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Quadrant L P CA boosted its stake in shares of Rollins by 909.7% during the 2nd quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock worth $157,000 after acquiring an additional 3,475 shares in the last quarter. Hengehold Capital Management LLC bought a new stake in shares of Rollins during the 3rd quarter worth $202,000. Sei Investments Co. boosted its stake in shares of Rollins by 1,223.2% during the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after acquiring an additional 4,159 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Rollins during the 2nd quarter worth $217,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of Rollins during the 2nd quarter worth $221,000. 37.54% of the stock is owned by institutional investors and hedge funds.

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Shares of Rollins, Inc. (ROL) opened at $45.01 on Friday. The company has a market capitalization of $9,872.10, a price-to-earnings ratio of 54.57 and a beta of 0.26. Rollins, Inc. has a 12-month low of $31.39 and a 12-month high of $48.29.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The business had revenue of $450.40 million during the quarter, compared to analyst estimates of $449.92 million. Rollins had a return on equity of 29.60% and a net margin of 11.15%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. equities research analysts predict that Rollins, Inc. will post 0.85 earnings per share for the current fiscal year.

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

In other news, insider John F. Wilson sold 12,876 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total value of $574,269.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 56.30% of the company’s stock.

Several equities research analysts have recently weighed in on ROL shares. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Saturday, July 29th. KeyCorp reissued a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. Finally, BidaskClub raised Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.67.

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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