DNB Asset Management AS Sells 30,016 Shares of Rollins, Inc. (NYSE:ROL)

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DNB Asset Management AS lessened its stake in Rollins, Inc. (NYSE:ROL) by 39.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,643 shares of the business services provider’s stock after selling 30,016 shares during the period. DNB Asset Management AS’s holdings in Rollins were worth $1,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Rollins by 782.7% during the 2nd quarter. CWM LLC now owns 1,324 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,174 shares during the last quarter. Tompkins Financial Corp raised its position in Rollins by 1,490.6% during the 2nd quarter. Tompkins Financial Corp now owns 1,527 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 1,431 shares during the last quarter. CSat Investment Advisory L.P. raised its position in Rollins by 70.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,074 shares of the business services provider’s stock valued at $75,000 after purchasing an additional 858 shares during the last quarter. Patten Group Inc. raised its position in Rollins by 6.9% during the 2nd quarter. Patten Group Inc. now owns 5,918 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 380 shares during the last quarter. Finally, Quantamental Technologies LLC raised its position in Rollins by 70.9% during the 2nd quarter. Quantamental Technologies LLC now owns 6,281 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 2,605 shares during the last quarter. 42.25% of the stock is owned by institutional investors.

ROL opened at $35.96 on Monday. Rollins, Inc. has a one year low of $31.36 and a one year high of $43.91. The business has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $36.43. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 50.65 and a beta of 0.34.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Rollins had a return on equity of 31.43% and a net margin of 11.99%. The firm had revenue of $524.00 million for the quarter, compared to the consensus estimate of $523.88 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 0.72 EPS for the current fiscal year.

ROL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research report on Monday, July 29th. Royal Bank of Canada initiated coverage on Rollins in a research report on Tuesday, October 8th. They set a “sector perform” rating and a $34.00 price target for the company. Finally, Stifel Nicolaus lowered Rollins from a “hold” rating to a “sell” rating and lowered their price target for the company from $36.50 to $25.00 in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.87.

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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