Tredje AP fonden bought a new stake in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,430 shares of the business services provider’s stock, valued at approximately $750,000.
A number of other large investors have also recently made changes to their positions in ROL. Alps Advisors Inc. lifted its holdings in Rollins by 0.3% during the second quarter. Alps Advisors Inc. now owns 13,101 shares of the business services provider’s stock worth $533,000 after buying an additional 34 shares during the period. Bollard Group LLC lifted its holdings in Rollins by 0.3% during 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 period. PNC Financial Services Group Inc. lifted its holdings in Rollins by 0.4% during 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 period. Utah Retirement Systems lifted its holdings in Rollins by 0.6% during the second quarter. Utah Retirement Systems now owns 17,500 shares of the business services provider’s stock worth $713,000 after buying an additional 100 shares during the period. Finally, Advisors Preferred LLC lifted its holdings in shares of Rollins by 1.4% during the 2nd quarter. Advisors Preferred LLC now owns 10,229 shares of the business services provider’s stock valued at $416,000 after purchasing an additional 145 shares during the last quarter. 37.33% of the stock is currently owned by institutional investors.
Shares of Rollins, Inc. (NYSE:ROL) opened at 44.45 on Friday. The firm’s 50-day moving average price is $44.17 and its 200 day moving average price is $40.91. Rollins, Inc. has a 12 month low of $28.00 and a 12 month high of $44.98. The firm has a market capitalization of $9.69 billion, a P/E ratio of 53.36 and a beta of 0.30.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts anticipate that Rollins, Inc. will post $0.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, August 8th. Rollins’s dividend payout ratio is currently 55.42%.
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Several analysts have recently commented on ROL shares. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Saturday, July 29th. Instinet upped their target price on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, BidaskClub downgraded Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd.
In other news, insider John F. Wilson sold 12,876 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 56.30% of the stock is owned by corporate insiders.
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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