Investors Asset Management of Georgia Inc. GA ADV decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,516 shares of the business services provider’s stock after selling 200 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Rollins were worth $510,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Bollard Group LLC increased its position in shares of Rollins by 0.3% in the second quarter. Bollard Group LLC now owns 18,897 shares of the business services provider’s stock worth $769,000 after buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Rollins by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 24,139 shares of the business services provider’s stock worth $896,000 after buying an additional 96 shares during the last quarter. Penobscot Investment Management Company Inc. increased its position in shares of Rollins by 0.9% in the first quarter. Penobscot Investment Management Company Inc. now owns 11,782 shares of the business services provider’s stock worth $437,000 after buying an additional 110 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of 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 worth $506,000 after buying an additional 202 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Rollins by 0.9% in the first quarter. Suntrust Banks Inc. now owns 24,453 shares of the business services provider’s stock worth $907,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.
Shares of Rollins, Inc. (ROL) opened at 44.19 on Thursday. The company has a market cap of $9.63 billion, a PE ratio of 53.05 and a beta of 0.29. Rollins, Inc. has a 12-month low of $27.95 and a 12-month high of $44.64. The company has a 50 day moving average of $42.25 and a 200-day moving average of $39.55.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The company had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Rollins, Inc. will post $0.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, August 8th. Rollins’s dividend payout ratio is currently 55.42%.
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A number of equities analysts have recently weighed in on ROL shares. Nomura restated a “buy” rating and issued a $40.00 target price on shares of Rollins in a research note on Thursday, April 27th. Instinet boosted their target price on Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. BidaskClub downgraded Rollins from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Saturday, July 29th.
About Rollins
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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