WINTON GROUP Ltd cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 96.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,248 shares of the business services provider’s stock after selling 312,354 shares during the quarter. WINTON GROUP Ltd’s holdings in Rollins were worth $368,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Icon Wealth Partners LLC bought a new stake in shares of Rollins during the first quarter worth $39,000. Citizens Financial Group Inc RI bought a new position in Rollins in the first quarter valued at about $52,000. YorkBridge Wealth Partners LLC boosted its holdings in Rollins by 34.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,242 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 833 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Rollins by 68.1% in the fourth quarter. Advisory Services Network LLC now owns 3,842 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Ellis Investment Partners LLC bought a new position in Rollins in the first quarter valued at about $140,000. Institutional investors own 40.11% of the company’s stock.
ROL has been the topic of several analyst reports. ValuEngine raised Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Nomura cut their target price on Rollins from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Macquarie initiated coverage on Rollins in a research note on Monday, April 29th. They issued a “neutral” rating and a $38.90 target price on the stock. Stifel Nicolaus lowered Rollins from a “hold” rating to a “sell” rating and cut their target price for the company from $36.50 to $25.00 in a research note on Wednesday, June 26th. Finally, Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.87.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. Rollins had a return on equity of 31.43% and a net margin of 11.99%. The business had revenue of $524.00 million for the quarter, compared to analyst estimates of $523.88 million. During the same quarter last year, the firm earned $0.30 EPS. Rollins’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Rollins, Inc. will post 0.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, August 8th. Rollins’s dividend payout ratio is presently 59.15%.
Rollins Company Profile
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.
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