Balasa Dinverno & Foltz LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 86.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,355 shares of the business services provider’s stock after buying an additional 6,644 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Rollins were worth $584,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Treasurer State of Michigan increased its position in Rollins by 0.8% in the first quarter. State Treasurer State of Michigan now owns 38,939 shares of the business services provider’s stock valued at $1,446,000 after buying an additional 300 shares in the last quarter. Advantus Capital Management Inc increased its position in Rollins by 3.1% in the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock valued at $456,000 after buying an additional 371 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Rollins during the fourth quarter valued at about $527,000. Cambridge Investment Research Advisors Inc. increased its position in Rollins by 1.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock valued at $506,000 after buying an additional 202 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its position in Rollins by 3.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 43,635 shares of the business services provider’s stock valued at $1,620,000 after buying an additional 1,595 shares in the last quarter. 37.61% of the stock is owned by institutional investors.
Shares of Rollins, Inc. (NYSE ROL) opened at 43.53 on Friday. The company has a 50-day moving average price of $41.80 and a 200 day moving average price of $38.61. The company has a market capitalization of $9.49 billion, a PE ratio of 54.41 and a beta of 0.29. Rollins, Inc. has a one year low of $27.29 and a one year high of $43.89.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. Equities analysts anticipate that Rollins, Inc. will post $0.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a yield of 1.06%. Rollins’s dividend payout ratio (DPR) is currently 55.42%.
WARNING: “Balasa Dinverno & Foltz LLC Purchases 6,644 Shares of Rollins, Inc. (NYSE:ROL)” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/29/balasa-dinverno-foltz-llc-purchases-6644-shares-of-rollins-inc-nyserol.html.
ROL has been the topic of several analyst reports. BidaskClub cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Instinet upped their target price on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Finally, Nomura reiterated a “buy” rating and issued a $40.00 target price on shares of Rollins in a report on Thursday, April 27th.
Rollins Company Profile
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.
Receive News & Ratings for Rollins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
