Renaissance Technologies LLC increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 621,375 shares of the business services provider’s stock after acquiring an additional 85,175 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of Rollins worth $28,913,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in Rollins by 34.3% during the third quarter. Wells Fargo & Company MN now owns 155,766 shares of the business services provider’s stock worth $7,187,000 after acquiring an additional 39,813 shares during the period. California Public Employees Retirement System grew its holdings in Rollins by 4.2% during the fourth quarter. California Public Employees Retirement System now owns 361,193 shares of the business services provider’s stock worth $16,806,000 after acquiring an additional 14,606 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Rollins by 113.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,323 shares of the business services provider’s stock worth $384,000 after acquiring an additional 4,417 shares during the period. OxFORD Asset Management LLP purchased a new stake in Rollins during the third quarter worth $521,000. Finally, Rhumbline Advisers boosted its position in Rollins by 2.3% during the third quarter. Rhumbline Advisers now owns 318,796 shares of the business services provider’s stock worth $14,709,000 after purchasing an additional 7,229 shares in the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rollins stock opened at $51.80 on Thursday. The company has a market capitalization of $11,340.37, a price-to-earnings ratio of 59.74 and a beta of 0.21. Rollins, Inc. has a 12-month low of $35.51 and a 12-month high of $53.00.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, January 24th. The business services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $414.70 million for the quarter, compared to the consensus estimate of $412.08 million. Rollins had a return on equity of 29.76% and a net margin of 10.70%. Rollins’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. analysts expect that Rollins, Inc. will post 1.13 EPS for the current fiscal year.
The company 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 dividend on an annualized basis and a yield of 1.08%. This is an increase from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, February 8th. Rollins’s payout ratio is presently 68.29%.
In other Rollins news, COO John F. Wilson sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was 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 SEC, which can be accessed through this hyperlink. 56.30% of the stock is currently owned by insiders.
A number of analysts have commented on the company. William Blair assumed coverage on Rollins in a research report on Monday, January 29th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Saturday, January 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.67.
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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