Harbour Investments Inc. Boosts Holdings in Rollins, Inc. $ROL

Harbour Investments Inc. lifted its stake in Rollins, Inc. (NYSE:ROL) by 139.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,774 shares of the business services provider’s stock after purchasing an additional 2,195 shares during the period. Harbour Investments Inc.’s holdings in Rollins were worth $213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ROL. AMF Tjanstepension AB lifted its position in shares of Rollins by 196.2% in the 2nd quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after purchasing an additional 2,346,592 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Rollins in the 1st quarter worth about $59,073,000. Nuveen LLC purchased a new stake in shares of Rollins in the 1st quarter worth about $54,685,000. Vanguard Group Inc. lifted its position in shares of Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Rollins in the 1st quarter worth about $50,547,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman directly owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.18.

Rollins Stock Up 0.5%

Shares of Rollins stock opened at $56.33 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $27.30 billion, a PE ratio of 55.77 and a beta of 0.69. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The company has a 50-day simple moving average of $56.97 and a two-hundred day simple moving average of $56.54.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.