Wealth Enhancement Advisory Services LLC bought a new position in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,313 shares of the business services provider’s stock, valued at approximately $443,000.
Several other hedge funds have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Rollins by 6.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 371,291 shares of the business services provider’s stock worth $15,116,000 after purchasing an additional 21,582 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Rollins by 1.3% in the second quarter. Prudential Financial Inc. now owns 61,174 shares of the business services provider’s stock valued at $2,490,000 after purchasing an additional 780 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Rollins by 2.5% in the second quarter. Wells Fargo & Company MN now owns 115,953 shares of the business services provider’s stock valued at $4,720,000 after purchasing an additional 2,847 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Rollins by 3.4% in the second quarter. Alliancebernstein L.P. now owns 70,310 shares of the business services provider’s stock valued at $2,862,000 after purchasing an additional 2,330 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Rollins by 51.5% in the second quarter. Riverhead Capital Management LLC now owns 10,092 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 3,432 shares during the period. Institutional investors and hedge funds own 37.33% of the company’s stock.
In other Rollins news, Vice Chairman Gary W. Rollins bought 2,180 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $45.84 per share, with a total value of $99,931.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.30% of the stock is owned by company insiders.
Rollins, Inc. (NYSE ROL) traded up $1.24 during midday trading on Monday, hitting $47.08. The stock had a trading volume of 1,095,488 shares, compared to its average volume of 663,368. Rollins, Inc. has a 1-year low of $35.51 and a 1-year high of $51.78. The stock has a market capitalization of $10,260.00, a P/E ratio of 57.41 and a beta of 0.23.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, January 24th. The business services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Rollins had a return on equity of 29.76% and a net margin of 10.70%. The firm had revenue of $414.70 million for the quarter, compared to the consensus estimate of $412.08 million. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. research analysts forecast that Rollins, Inc. will post 1.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.14 per share. This is a boost from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, February 8th. This represents a $0.56 annualized dividend and a yield of 1.19%. Rollins’s dividend payout ratio (DPR) is 68.29%.
A number of research analysts have recently weighed in on ROL shares. KeyCorp reissued a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Saturday, January 27th. Finally, William Blair started coverage on Rollins in a report on Monday, January 29th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.67.
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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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