ETRADE Capital Management LLC raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,003 shares of the business services provider’s stock after acquiring an additional 2,762 shares during the quarter. ETRADE Capital Management LLC’s holdings in Rollins were worth $904,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ROL. Amundi Pioneer Asset Management Inc. raised its holdings in Rollins by 62.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 223,006 shares of the business services provider’s stock valued at $9,281,000 after acquiring an additional 86,010 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Rollins during the fourth quarter valued at about $349,000. Chapman Investment Management LLC bought a new stake in Rollins during the fourth quarter valued at about $1,029,000. Conestoga Capital Advisors LLC increased its holdings in shares of Rollins by 9.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 187,518 shares of the business services provider’s stock worth $6,218,000 after purchasing an additional 15,823 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Rollins in the fourth quarter worth about $554,000. 40.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of ROL stock opened at $38.64 on Friday. The stock’s 50-day moving average price is $38.71 and its 200-day moving average price is $36.93. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 0.38. Rollins, Inc. has a 12-month low of $30.72 and a 12-month high of $42.80. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 53.67 and a beta of 0.38.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Rollins had a return on equity of 29.44% and a net margin of 9.76%. The company had revenue of $487.90 million for the quarter, compared to analysts’ expectations of $477.43 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts predict that Rollins, Inc. will post 0.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.32 annualized dividend and a yield of 0.83%. Rollins’s payout ratio is currently 43.84%.
Several equities research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Rollins in a report on Wednesday, January 29th. Buckingham Research lifted their target price on Rollins from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $37.00 target price on shares of Rollins in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Rollins has an average rating of “Hold” and a consensus price target of $37.40.
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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