Vanguard Group Inc. boosted its stake in Rollins Inc. (NYSE:ROL) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,604,016 shares of the company’s stock after buying an additional 141,918 shares during the period. Vanguard Group Inc. owned approximately 3.94% of Rollins worth $251,839,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock valued at $169,000 after buying an additional 2,446 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Rollins during the second quarter valued at $204,000. Stephens Inc. AR purchased a new position in shares of Rollins during the second quarter valued at $207,000. BB&T Corp purchased a new position in shares of Rollins during the second quarter valued at $216,000. Finally, Calvert Investment Management Inc. purchased a new position in shares of Rollins during the second quarter valued at $216,000. 35.59% of the stock is currently owned by institutional investors.
Shares of Rollins Inc. (NYSE:ROL) opened at 28.12 on Thursday. Rollins Inc. has a 1-year low of $23.69 and a 1-year high of $29.71. The stock’s 50 day moving average price is $28.75 and its 200 day moving average price is $28.13. The company has a market cap of $6.14 billion, a P/E ratio of 39.27 and a beta of 0.41.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $411.10 million for the quarter, compared to the consensus estimate of $415.60 million. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Rollins Inc. will post $0.76 earnings per share for the current year.
ROL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, September 21st. Nomura upped their price target on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, September 7th.