Handelsinvest Investeringsforvaltning Lowers stake in Rollins (ROL)

Rollins (ROL) : Handelsinvest Investeringsforvaltning reduced its stake in Rollins by 6.58% during the most recent quarter end. The investment management company now holds a total of 215,800 shares of Rollins which is valued at $5,813,652 after selling 15,200 shares in Rollins , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Rollins makes up approximately 1.94% of Handelsinvest Investeringsforvaltning’s portfolio.

Rollins opened for trading at $26.75 and hit $27.08 on the upside on Friday, eventually ending the session at $26.94, with a gain of 0.67% or 0.18 points. The heightened volatility saw the trading volume jump to 3,87,934 shares. Company has a market cap of $5,895 M.

Other Hedge Funds, Including , Profit Investment Management boosted its stake in ROL in the latest quarter, The investment management firm added 15,340 additional shares and now holds a total of 40,889 shares of Rollins which is valued at $1,101,550. Rollins makes up approx 0.46% of Profit Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in ROL in the latest quarter, The investment management firm added 1,216 additional shares and now holds a total of 31,226 shares of Rollins which is valued at $845,912. Rollins makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Integrated Investment Consultants added ROL to its portfolio by purchasing 3,075 company shares during the most recent quarter which is valued at $83,302. Rollins makes up approx 0.05% of Integrated Investment Consultants’s portfolio.Capstone Asset Management Co boosted its stake in ROL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 14,552 shares of Rollins which is valued at $394,214. Rollins makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Conestoga Capital Advisors boosted its stake in ROL in the latest quarter, The investment management firm added 165,759 additional shares and now holds a total of 1,058,578 shares of Rollins which is valued at $28,380,476. Rollins makes up approx 1.96% of Conestoga Capital Advisors’s portfolio.

On the company’s financial health, Rollins reported $0.15 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $362.50 million for the quarter, compared to analysts expectations of $359.41 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Rollins. Nomura Initiated Rollins on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $31.Rollins was Downgraded by Sidoti to ” Neutral” on Mar 21, 2016.

Rollins Inc. is a service company which provides pest and termite control services. The Company through its wholly owned subsidiaries provides its services to both residential and commercial customers in North America with international franchises in Central America the Caribbean the Middle East Asia the Mediterranean Europe Africa and Mexico. The Company through its wholly owned subsidiaries Orkin LLC. HomeTeam Pest Defense Orkin Canada Western Pest Services The Industrial Fumigant Company Trutech LLC. Rollins Australia Waltham Services LLC. PermaTreat and Crane Pest Control among others operates in the pest and termite control segment. The Company’s wholly owned subsidiary Critter Control Inc. is a wild life control company. Orkin LLC. (Orkin) a wholly owned subsidiary of the Company is a pest and termite control company and provides services from over 400 locations. Western Pest Services (Western) is a pest control service company.

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