Renaissance Technologies LLC Reduces Holdings in Rollins, Inc. (ROL)

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Renaissance Technologies LLC lessened its stake in Rollins, Inc. (NYSE:ROL) by 40.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 753,775 shares of the business services provider’s stock after selling 519,400 shares during the quarter. Renaissance Technologies LLC owned 0.35% of Rollins worth $39,633,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ROL. Wells Fargo & Company MN increased its stake in Rollins by 22.2% in the 1st quarter. Wells Fargo & Company MN now owns 228,299 shares of the business services provider’s stock valued at $11,649,000 after buying an additional 41,527 shares during the period. Victory Capital Management Inc. increased its stake in shares of Rollins by 9.5% during the 1st quarter. Victory Capital Management Inc. now owns 65,490 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 5,686 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Rollins by 4.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 125,828 shares of the business services provider’s stock worth $6,421,000 after purchasing an additional 5,101 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Rollins by 5.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 416,159 shares of the business services provider’s stock worth $21,237,000 after purchasing an additional 21,440 shares during the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Rollins during the 1st quarter worth $704,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

Shares of ROL opened at $63.42 on Friday. Rollins, Inc. has a 12 month low of $42.82 and a 12 month high of $63.98. The firm has a market cap of $13.85 billion, a PE ratio of 65.44 and a beta of 0.28.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Rollins had a return on equity of 31.66% and a net margin of 11.36%. The business had revenue of $480.46 million for the quarter, compared to analyst estimates of $470.15 million. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 10th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.56 annualized dividend and a dividend yield of 0.88%. Rollins’s dividend payout ratio (DPR) is 64.37%.

ROL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Rollins from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Nomura increased their price target on shares of Rollins from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Sidoti initiated coverage on shares of Rollins in a research note on Wednesday, June 27th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Rollins in a research note on Thursday, May 31st. They set a “hold” rating and a $50.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $55.50.

Rollins 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.

Further Reading: Index Funds

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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