BNP Paribas Arbitrage SA lowered its stake in shares of Rollins, Inc. (NYSE:ROL) by 25.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 36,025 shares of the business services provider’s stock after selling 12,261 shares during the period. BNP Paribas Arbitrage SA’s holdings in Rollins were worth $1,662,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in ROL. First Quadrant L P CA raised its position in Rollins by 909.7% in the second 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. increased its holdings in shares of Rollins by 1,223.2% during the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after buying an additional 4,159 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in shares of Rollins during the third quarter worth approximately $202,000. Clinton Group Inc. acquired a new stake in shares of Rollins during the second quarter worth approximately $217,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Rollins during the second quarter worth approximately $221,000. 37.65% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.67.
Rollins, Inc. (NYSE:ROL) traded down $0.60 on Tuesday, reaching $46.10. 707,100 shares of the company’s stock traded hands, compared to its average volume of 542,409. The firm has a market capitalization of $10,179.44, a price-to-earnings ratio of 56.26 and a beta of 0.28. Rollins, Inc. has a 12 month low of $32.63 and a 12 month high of $48.29.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share 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 firm had revenue of $450.40 million during the quarter, compared to analyst estimates of $449.92 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts expect that Rollins, Inc. will post 0.85 earnings per share for the current year.
The company also recently disclosed a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be given a $0.10 dividend. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 9th. Rollins’s dividend payout ratio (DPR) is presently 54.76%.
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Rollins Company Profile
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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