Advisory Services Network LLC boosted its position in Rollins, Inc. (NYSE:ROL) by 68.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,842 shares of the business services provider’s stock after purchasing an additional 1,556 shares during the quarter. Advisory Services Network LLC’s holdings in Rollins were worth $139,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. YorkBridge Wealth Partners LLC grew its stake in shares of Rollins by 15.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 2,409 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 315 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Rollins by 50.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,235 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 414 shares during the period. Whittier Trust Co. grew its position in shares of Rollins by 50.0% during the 4th quarter. Whittier Trust Co. now owns 1,419 shares of the business services provider’s stock worth $51,000 after purchasing an additional 473 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Rollins by 6.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,817 shares of the business services provider’s stock worth $282,000 after purchasing an additional 477 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Rollins by 49.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,674 shares of the business services provider’s stock worth $97,000 after purchasing an additional 889 shares in the last quarter. 39.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 12th. Finally, Nomura restated a “buy” rating and set a $46.00 price objective on shares of Rollins in a research note on Monday, January 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.00.
In other Rollins news, insider John F. Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $40.84, for a total transaction of $1,225,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 56.90% of the stock is owned by insiders.
Shares of Rollins stock opened at $41.74 on Friday. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 58.79 and a beta of 0.49. Rollins, Inc. has a 12-month low of $32.08 and a 12-month high of $42.95.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, January 23rd. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $444.62 million during the quarter, compared to analyst estimates of $446.61 million. Rollins had a net margin of 12.72% and a return on equity of 33.03%. Rollins’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities analysts predict that Rollins, Inc. will post 0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 11th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.01%. This is a boost from Rollins’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, February 8th. Rollins’s dividend payout ratio (DPR) is 59.15%.
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Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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