Nationwide Fund Advisors Trims Position in Rollins, Inc. (ROL)

Nationwide Fund Advisors decreased its holdings in Rollins, Inc. (NYSE:ROL) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,068 shares of the business services provider’s stock after selling 1,126 shares during the quarter. Nationwide Fund Advisors owned about 0.07% of Rollins worth $7,478,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ROL. Bank of Montreal Can raised its position in Rollins by 72.2% in the 2nd quarter. Bank of Montreal Can now owns 20,779 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 8,710 shares during the last quarter. Shell Asset Management Co. raised its position in Rollins by 76.0% during the 2nd quarter. Shell Asset Management Co. now owns 17,230 shares of the business services provider’s stock worth $701,000 after buying an additional 7,441 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in Rollins during the 2nd quarter worth $258,000. Great West Life Assurance Co. Can raised its position in Rollins by 17.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 66,822 shares of the business services provider’s stock worth $2,718,000 after buying an additional 10,078 shares during the last quarter. Finally, World Asset Management Inc raised its position in Rollins by 3.5% during the 2nd quarter. World Asset Management Inc now owns 6,988 shares of the business services provider’s stock worth $284,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.

Shares of Rollins, Inc. (ROL) traded down $0.47 during trading on Friday, reaching $46.00. 422,376 shares of the company’s stock were exchanged, compared to its average volume of 464,748. The stock has a market cap of $10,026.85, a P/E ratio of 55.42 and a beta of 0.28. Rollins, Inc. has a 52 week low of $32.82 and a 52 week high of $48.29.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The firm had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. Rollins had a return on equity of 29.60% and a net margin of 11.15%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. sell-side analysts predict that Rollins, Inc. will post 0.85 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.10 per share. 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%.

ROL has been the subject of a number of analyst reports. KeyCorp restated a “hold” rating on shares of Rollins in a research report on Sunday, October 29th. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.67.

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Rollins Company 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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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