Jefferies Group LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 4.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,011 shares of the business services provider’s stock after selling 1,987 shares during the period. Jefferies Group LLC’s holdings in Rollins were worth $1,862,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of Rollins by 10.5% in the third quarter. Janus Henderson Group PLC now owns 1,760,860 shares of the business services provider’s stock valued at $81,246,000 after buying an additional 166,916 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Rollins by 240.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,311,747 shares of the business services provider’s stock valued at $61,036,000 after buying an additional 925,996 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Rollins by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,270,295 shares of the business services provider’s stock valued at $58,611,000 after buying an additional 23,872 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Rollins by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 961,154 shares of the business services provider’s stock valued at $44,702,000 after buying an additional 42,234 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Rollins by 60.6% in the third quarter. New York State Common Retirement Fund now owns 941,673 shares of the business services provider’s stock valued at $43,449,000 after buying an additional 355,300 shares in the last quarter. Institutional investors own 38.14% of the company’s stock.
A number of research firms have recently weighed in on ROL. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Saturday, January 27th. William Blair began coverage on shares of Rollins in a research report on Monday, January 29th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.67.
Rollins, Inc. (ROL) opened at $52.23 on Wednesday. The stock has a market cap of $11,525.85, a P/E ratio of 60.71 and a beta of 0.21. Rollins, Inc. has a one year low of $35.51 and a one year high of $53.00.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, January 24th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $414.70 million for the quarter, compared to analysts’ expectations of $412.08 million. Rollins had a net margin of 10.70% and a return on equity of 29.76%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. equities analysts anticipate that Rollins, Inc. will post 1.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.07%. This is a boost from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, February 8th. Rollins’s dividend payout ratio (DPR) is 68.29%.
In related 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 value of $1,001,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 56.30% of the company’s stock.
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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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