Clough Capital Partners L P lowered its stake in Rollins, Inc. (NYSE:ROL) by 95.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the business services provider’s stock after selling 131,989 shares during the period. Clough Capital Partners L P’s holdings in Rollins were worth $241,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. TrimTabs Asset Management LLC raised its position in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock worth $136,000 after buying an additional 1,728 shares during the period. Elkfork Partners LLC purchased a new position in Rollins during the fourth quarter valued at about $149,000. Neuburgh Advisers LLC raised its position in shares of Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,696 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Rollins during the first quarter valued at $210,000. Finally, Glen Harbor Capital Management LLC raised its position in shares of Rollins by 67.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,808 shares of the business services provider’s stock valued at $216,000 after buying an additional 2,332 shares in the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.
Rollins, Inc. (NYSE ROL) traded up 1.40% during trading on Wednesday, hitting $41.33. 45,954 shares of the company traded hands. The company’s 50 day moving average is $42.20 and its 200-day moving average is $37.51. The stock has a market capitalization of $9.01 billion, a PE ratio of 51.66 and a beta of 0.29. Rollins, Inc. has a 52 week low of $27.29 and a 52 week high of $43.75.
Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Rollins had a return on equity of 30.01% and a net margin of 11.01%. The business had revenue of $375.25 million for the quarter, compared to analyst estimates of $373.04 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post $0.86 earnings per share for the current year.
Several equities research analysts have recently commented on ROL shares. BidaskClub downgraded shares of Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Instinet boosted their target price on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Nomura reiterated a “buy” rating and issued a $40.00 target price on shares of Rollins in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th.
Rollins, Inc is a service company, which 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, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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