Keel Point LLC lowered its holdings in Rollins, Inc. (NYSE:ROL) by 19.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,966 shares of the business services provider’s stock after selling 6,051 shares during the quarter. Keel Point LLC’s holdings in Rollins were worth $1,162,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROL. First Manhattan Co. purchased a new stake in Rollins in the 4th quarter worth approximately $185,000. Toronto Dominion Bank lifted its holdings in Rollins by 243.6% in the 3rd quarter. Toronto Dominion Bank now owns 4,144 shares of the business services provider’s stock worth $191,000 after buying an additional 2,938 shares during the period. Hengehold Capital Management LLC purchased a new stake in Rollins in the 3rd quarter worth approximately $202,000. M&T Bank Corp purchased a new stake in Rollins in the 4th quarter worth approximately $206,000. Finally, Achmea Investment Management B.V. purchased a new stake in Rollins in the 2nd quarter worth approximately $221,000. Institutional investors and hedge funds own 37.33% of the company’s stock.
In other news, Vice Chairman Gary W. Rollins bought 2,180 shares of the stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $45.84 per share, for a total transaction of $99,931.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 56.30% of the company’s stock.
Rollins, Inc. (ROL) opened at $47.08 on Tuesday. The company has a market capitalization of $9,991.98, a P/E ratio of 57.42 and a beta of 0.22. Rollins, Inc. has a one year low of $35.51 and a one year high of $51.78.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, January 24th. The business services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $414.70 million during the quarter, compared to analysts’ expectations of $412.08 million. Rollins had a return on equity of 29.76% and a net margin of 10.70%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. analysts forecast that Rollins, Inc. will post 1.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from Rollins’s previous quarterly dividend of $0.12. Rollins’s dividend payout ratio (DPR) is presently 68.29%.
A number of research analysts have recently commented on the company. William Blair assumed coverage on Rollins in a research note on Monday, January 29th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Saturday, January 27th. Finally, KeyCorp restated a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Rollins has a consensus rating of “Buy” and a consensus target price 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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