Canandaigua National Bank & Trust Co. bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,154 shares of the business services provider’s stock, valued at approximately $313,000.
Several other institutional investors also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in Rollins by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 432,128 shares of the business services provider’s stock valued at $22,722,000 after purchasing an additional 15,969 shares during the last quarter. Pensionfund DSM Netherlands bought a new position in Rollins in the 3rd quarter valued at $2,428,000. Wells Fargo & Company MN raised its position in Rollins by 8.8% in the 2nd quarter. Wells Fargo & Company MN now owns 248,464 shares of the business services provider’s stock valued at $13,063,000 after purchasing an additional 20,165 shares during the last quarter. Markel Corp raised its position in Rollins by 5.2% in the 2nd quarter. Markel Corp now owns 504,700 shares of the business services provider’s stock valued at $26,537,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Swiss National Bank raised its position in Rollins by 2.9% in the 2nd quarter. Swiss National Bank now owns 324,500 shares of the business services provider’s stock valued at $17,062,000 after purchasing an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 38.92% of the company’s stock.
Several brokerages have issued reports on ROL. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Rollins in a research report on Saturday, August 18th. Buckingham Research lifted their price objective on Rollins from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, October 29th. Finally, Gabelli began coverage on Rollins in a research report on Monday, September 17th. They issued a “hold” rating and a $51.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.80.
ROL stock opened at $59.32 on Wednesday. The firm has a market cap of $12.95 billion, a PE ratio of 68.18, a PEG ratio of 5.53 and a beta of 0.30. Rollins, Inc. has a twelve month low of $44.43 and a twelve month high of $64.39.
Shares of Rollins are set to split on Tuesday, December 11th. The 3-2 split was announced on Tuesday, October 23rd. The newly created shares will be issued to shareholders after the closing bell on Monday, December 10th.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $487.70 million during the quarter, compared to the consensus estimate of $489.64 million. Rollins had a return on equity of 32.90% and a net margin of 11.97%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.94%. Rollins’s payout ratio is currently 64.37%.
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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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