Oregon Public Employees Retirement Fund raised its stake in Rollins, Inc. (NYSE:ROL) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,674 shares of the business services provider’s stock after purchasing an additional 11,621 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Rollins were worth $3,864,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ROL. Congress Asset Management Co. MA acquired a new position in shares of Rollins in the 3rd quarter valued at $88,980,000. Morgan Stanley boosted its holdings in shares of Rollins by 51.5% in the 2nd quarter. Morgan Stanley now owns 4,304,390 shares of the business services provider’s stock valued at $226,323,000 after purchasing an additional 1,463,331 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Rollins by 5.7% in the 2nd quarter. BlackRock Inc. now owns 9,515,485 shares of the business services provider’s stock valued at $500,325,000 after purchasing an additional 512,690 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Rollins by 215.2% in the 2nd quarter. First Trust Advisors LP now owns 389,117 shares of the business services provider’s stock valued at $20,460,000 after purchasing an additional 265,679 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Rollins in the 3rd quarter valued at $4,639,000. Institutional investors own 38.17% of the company’s stock.
Shares of ROL stock opened at $59.35 on Friday. Rollins, Inc. has a 52 week low of $44.43 and a 52 week high of $64.39. The firm has a market capitalization of $12.92 billion, a PE ratio of 56.92, a price-to-earnings-growth ratio of 5.51 and a beta of 0.30.
Shares of Rollins are scheduled to split on Tuesday, December 11th. The 3-2 split was announced on Tuesday, October 23rd. The newly issued shares will be distributed to shareholders after the market closes on Monday, December 10th.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 24th. The business services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Rollins had a net margin of 11.97% and a return on equity of 32.90%. The business had revenue of $487.70 million for the quarter, compared to the consensus estimate of $489.64 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, November 8th. Rollins’s dividend payout ratio is presently 64.37%.
A number of equities analysts have recently commented on ROL shares. Zacks Investment Research downgraded shares of Rollins from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 target price (up previously from $50.00) on shares of Rollins in a research note on Sunday, August 12th. Buckingham Research raised their target price on shares of Rollins from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Finally, Gabelli started coverage on shares of Rollins in a research note on Monday, September 17th. They issued a “hold” rating and a $51.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $55.80.
Rollins Company Profile
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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