JPMorgan Chase & Co. reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 51.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,097 shares of the business services provider’s stock after selling 33,776 shares during the quarter. JPMorgan Chase & Co.’s holdings in Rollins were worth $1,307,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Quadrant L P CA grew its holdings in shares of Rollins by 909.7% during the 2nd quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock worth $157,000 after purchasing an additional 3,475 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Rollins by 1,223.2% during the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after purchasing an additional 4,159 shares in the last quarter. Huntington National Bank grew its holdings in shares of Rollins by 133.7% during the 2nd quarter. Huntington National Bank now owns 5,471 shares of the business services provider’s stock worth $223,000 after purchasing an additional 3,130 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of Rollins during the 2nd quarter worth $230,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Rollins during the 2nd quarter worth $258,000. 37.30% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.
Shares of Rollins, Inc. (NYSE ROL) opened at 44.04 on Friday. The company has a market capitalization of $9.60 billion, a P/E ratio of 52.87 and a beta of 0.31. Rollins, Inc. has a 12 month low of $30.04 and a 12 month high of $48.29. The company’s 50 day moving average price is $45.83 and its 200 day moving average price is $42.75.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Rollins had a return on equity of 29.60% and a net margin of 11.15%. The business had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Rollins’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts expect that Rollins, Inc. will post $0.85 EPS for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be given a dividend of $0.10 per share. This represents a yield of 1.04%. The ex-dividend date is Thursday, November 9th. Rollins’s payout ratio is 54.76%.
In related news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $44.60, for a total transaction of $574,269.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.30% of the stock is owned by insiders.
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Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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