Illinois Municipal Retirement Fund grew its holdings in Rollins, Inc. (NYSE:ROL – Free Report) by 10.5% in the first quarter, Holdings Channel.com reports. The firm owned 138,490 shares of the business services provider’s stock after purchasing an additional 13,192 shares during the period. Illinois Municipal Retirement Fund’s holdings in Rollins were worth $7,397,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. NFSG Corp raised its position in Rollins by 12.1% during the first quarter. NFSG Corp now owns 10,886 shares of the business services provider’s stock valued at $581,000 after buying an additional 1,172 shares during the period. Sanctuary Advisors LLC lifted its stake in Rollins by 4.4% in the 1st quarter. Sanctuary Advisors LLC now owns 52,719 shares of the business services provider’s stock worth $2,816,000 after acquiring an additional 2,226 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Rollins by 23.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,828 shares of the business services provider’s stock worth $258,000 after acquiring an additional 930 shares during the period. Sterling Group Wealth Management LLC boosted its position in Rollins by 6.1% during the 1st quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock worth $219,000 after acquiring an additional 235 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Rollins by 5.1% during the 1st quarter. Principal Financial Group Inc. now owns 413,619 shares of the business services provider’s stock valued at $22,091,000 after acquiring an additional 19,977 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.
More Rollins News
Here are the key news stories impacting Rollins this week:
- Neutral Sentiment: The articles are largely about entertainment and political news, not the pest-control company Rollins, Inc., so they are unlikely to materially affect the stock. Seth Rollins Recalls Clashing Heads With Jamie Noble During Botched Move In A Handicap Match
- Neutral Sentiment: Additional headlines about Seth Rollins, Roman Reigns, and Brooke Rollins do not appear connected to Rollins, Inc.’s operations, earnings, or outlook. Seth Rollins recalls getting knocked loopy after WWE move goes wrong
- Neutral Sentiment: Political and agriculture-related stories mentioning “Rollins” also seem unrelated to the company and should not be a driver of the stock today. Rollins reassures Republicans amid farm aid negotiations
Rollins Stock Down 0.8%
Rollins (NYSE:ROL – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. During the same period in the prior year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current fiscal year.
Rollins Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio is 66.97%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ROL. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $70.00 to $52.00 in a report on Friday, May 29th. Wells Fargo & Company set a $46.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Loop Capital assumed coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.87.
About Rollins
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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