Granite Investment Advisors LLC purchased a new position in Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the business services provider’s stock, valued at approximately $233,000.
Several other hedge funds have also recently added to or reduced their stakes in ROL. Caisse DE Depot ET Placement DU Quebec raised its holdings in Rollins by 75.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,300 shares of the business services provider’s stock worth $619,000 after purchasing an additional 5,700 shares during the period. Truewealth LLC bought a new stake in Rollins during the fourth quarter valued at about $3,723,000. ETRADE Capital Management LLC raised its holdings in Rollins by 19.5% during the fourth quarter. ETRADE Capital Management LLC now owns 12,256 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 1,998 shares during the period. MML Investors Services LLC bought a new stake in Rollins during the fourth quarter valued at about $255,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Rollins during the fourth quarter valued at about $4,073,000. Hedge funds and other institutional investors own 38.14% of the company’s stock.
Rollins, Inc. (ROL) traded down $0.52 on Wednesday, reaching $51.71. The company had a trading volume of 464,851 shares, compared to its average volume of 789,288. The stock has a market capitalization of $11,280.00, a price-to-earnings ratio of 59.44 and a beta of 0.22. Rollins, Inc. has a 12 month low of $35.51 and a 12 month high of $53.00.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, January 24th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Rollins had a return on equity of 29.76% and a net margin of 10.70%. The business had revenue of $414.70 million during the quarter, compared to analyst estimates of $412.08 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts expect that Rollins, Inc. will post 1.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from Rollins’s previous quarterly dividend of $0.12. Rollins’s payout ratio is 64.37%.
In other news, COO John F. Wilson sold 20,000 shares of Rollins stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $50.09, for a total transaction of $1,001,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 56.30% of the stock is owned by insiders.
A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Saturday, January 27th. William Blair assumed coverage on Rollins in a research report on Monday, January 29th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.67.
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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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