IBM Retirement Fund cut its position in shares of Rollins Inc. (NYSE:ROL) by 1.3% during the third quarter, Holdings Channel reports. The firm owned 9,554 shares of the company’s stock after selling 130 shares during the period. IBM Retirement Fund’s holdings in Rollins were worth $280,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in ROL. LS Investment Advisors LLC raised its stake in Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock worth $169,000 after buying an additional 2,446 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Rollins during the second quarter valued at $205,000. Calvert Investment Management Inc. purchased a new stake in shares of Rollins during the second quarter valued at $216,000. Quadrature Capital Ltd purchased a new stake in shares of Rollins during the second quarter valued at $225,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Rollins during the second quarter valued at $240,000. 37.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rollins Inc. (NYSE:ROL) traded up 1.98% during mid-day trading on Friday, hitting $34.04. The stock had a trading volume of 792,723 shares. The stock has a 50 day moving average of $33.28 and a 200-day moving average of $30.12. The stock has a market capitalization of $7.41 billion, a P/E ratio of 46.12 and a beta of 0.20. Rollins Inc. has a 52 week low of $24.51 and a 52 week high of $34.24.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Rollins had a return on equity of 29.32% and a net margin of 10.39%. The business had revenue of $424 million for the quarter, compared to analyst estimates of $421.17 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Rollins’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Rollins Inc. will post $0.76 earnings per share for the current year.
Separately, Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, October 29th.
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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