Creative Planning Sells 302 Shares of Rollins, Inc. (NYSE:ROL)

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Creative Planning reduced its stake in Rollins, Inc. (NYSE:ROL) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,115 shares of the business services provider’s stock after selling 302 shares during the quarter. Creative Planning’s holdings in Rollins were worth $2,048,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Man Group plc boosted its position in shares of Rollins by 1.8% during the 2nd quarter. Man Group plc now owns 32,773 shares of the business services provider’s stock worth $1,176,000 after acquiring an additional 571 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of Rollins by 2.0% during the 2nd quarter. Riverbridge Partners LLC now owns 2,096,058 shares of the business services provider’s stock worth $75,186,000 after acquiring an additional 40,222 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Rollins by 10.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 534,522 shares of the business services provider’s stock worth $19,173,000 after acquiring an additional 48,652 shares in the last quarter. Neo Ivy Capital Management boosted its position in shares of Rollins by 584.7% during the 2nd quarter. Neo Ivy Capital Management now owns 31,892 shares of the business services provider’s stock worth $1,144,000 after acquiring an additional 27,234 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in shares of Rollins by 121.4% during the 2nd quarter. Holocene Advisors LP now owns 61,127 shares of the business services provider’s stock worth $2,193,000 after acquiring an additional 33,523 shares in the last quarter. 42.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rollins stock opened at $38.68 on Friday. Rollins, Inc. has a fifty-two week low of $31.36 and a fifty-two week high of $43.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.75. The firm has a market capitalization of $12.67 billion, a P/E ratio of 54.48 and a beta of 0.34. The company’s 50 day moving average price is $35.94 and its two-hundred day moving average price is $35.96.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a net margin of 10.42% and a return on equity of 31.20%. The firm had revenue of $556.50 million for the quarter, compared to analyst estimates of $547.92 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Rollins, Inc. will post 0.73 earnings per share for the current year.

The business also recently announced a None dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 11th will be given a $0.155 dividend. The ex-dividend date is Thursday, November 7th. Rollins’s dividend payout ratio is currently 59.15%.

Several analysts recently issued reports on the stock. Stifel Nicolaus upgraded shares of Rollins from a “sell” rating to a “hold” rating and increased their price target for the stock from $28.50 to $34.00 in a research report on Wednesday. Royal Bank of Canada started coverage on shares of Rollins in a research report on Tuesday, October 8th. They set a “sector perform” rating and a $34.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rollins has an average rating of “Hold” and an average target price of $38.18.

About Rollins

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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