The Virginia Retirement Systems ET AL Buys Shares of 8,200 Rollins Inc. (ROL)

The Virginia Retirement Systems ET AL Buys Shares of 8,200 Rollins Inc. (ROL)

Virginia Retirement Systems ET AL acquired a new stake in Rollins Inc. (NYSE:ROL) during the second quarter, Holdings Channel reports. The fund acquired 8,200 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Rollins by 1.7% in the second quarter. Vanguard Group Inc. now owns 8,604,016 shares of the company’s stock valued at $251,839,000 after buying an additional 141,918 shares during the period. Principal Financial Group Inc. boosted its stake in Rollins by 14.0% in the second quarter. Principal Financial Group Inc. now owns 352,521 shares of the company’s stock valued at $10,318,000 after buying an additional 43,298 shares during the period. Brown Advisory Inc. boosted its stake in Rollins by 22.3% in the second quarter. Brown Advisory Inc. now owns 44,040 shares of the company’s stock valued at $1,289,000 after buying an additional 8,040 shares during the period. Teacher Retirement System of Texas boosted its stake in Rollins by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 13,800 shares of the company’s stock valued at $404,000 after buying an additional 1,668 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Rollins by 5.6% in the second quarter. Victory Capital Management Inc. now owns 31,501 shares of the company’s stock valued at $922,000 after buying an additional 1,670 shares during the period. Institutional investors and hedge funds own 35.59% of the company’s stock.

Rollins Inc. (NYSE:ROL) opened at 28.12 on Wednesday. The stock has a 50 day moving average price of $28.74 and a 200-day moving average price of $28.13. Rollins Inc. has a 1-year low of $23.69 and a 1-year high of $29.71. The stock has a market cap of $6.14 billion, a PE 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 analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $411.10 million for the quarter, compared to analysts’ expectations of $415.60 million. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts expect that Rollins Inc. will post $0.76 EPS for the current year.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Nomura increased their price objective on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 7th.

About Rollins

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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