Bamco Inc. NY lessened its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,208,539 shares of the business services provider’s stock after selling 71,373 shares during the quarter. Bamco Inc. NY’s holdings in Rollins were worth $72,537,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. DV Equities LLC purchased a new position in shares of Rollins in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the period. Board of the Pension Protection Fund acquired a new stake in shares of Rollins in the 4th quarter worth approximately $30,000. Torren Management LLC acquired a new stake in shares of Rollins in the 4th quarter worth approximately $36,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on ROL. Weiss Ratings cut Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $70.00 to $52.00 in a research report on Friday, May 29th. UBS Group raised their price target on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Wells Fargo & Company dropped their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Finally, Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $63.71.
Rollins Trading Down 3.5%
Shares of ROL stock opened at $45.15 on Thursday. Rollins, Inc. has a fifty-two week low of $44.43 and a fifty-two week high of $66.14. The stock has a market cap of $21.74 billion, a P/E ratio of 41.42, a P/E/G ratio of 2.88 and a beta of 0.73. The business has a fifty day simple moving average of $52.07 and a 200-day simple moving average of $56.88. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.
Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. On average, analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.
Rollins Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio (DPR) is currently 66.97%.
Rollins Company Profile
Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.
Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.
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