Rollins Inc. (ROL) Stake Increased by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its position in Rollins Inc. (NYSE:ROL) by 5.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,006 shares of the company’s stock after buying an additional 3,649 shares during the period. Mutual of America Capital Management LLC’s holdings in Rollins were worth $2,167,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in ROL. BlackRock Institutional Trust Company N.A. raised its stake in shares of Rollins by 16.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,292,539 shares of the company’s stock worth $96,373,000 after buying an additional 460,362 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Rollins by 445.1% in the third quarter. Wells Fargo & Company MN now owns 549,398 shares of the company’s stock valued at $16,086,000 after buying an additional 448,613 shares during the last quarter. Aviva PLC bought a new stake in Rollins during the second quarter valued at $6,074,000. BlackRock Fund Advisors boosted its stake in Rollins by 5.3% in the second quarter. BlackRock Fund Advisors now owns 3,370,352 shares of the company’s stock valued at $98,650,000 after buying an additional 168,928 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Rollins by 1.7% in the second quarter. Vanguard Group Inc. now owns 8,604,016 shares of the company’s stock valued at $251,839,000 after buying an additional 141,918 shares during the last quarter. Institutional investors and hedge funds own 37.54% of the company’s stock.
Shares of Rollins Inc. (NYSE:ROL) traded down 0.67% during midday trading on Tuesday, hitting $32.40. 402,028 shares of the stock traded hands. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 43.90 and a beta of 0.18. The firm’s 50-day moving average is $30.20 and its 200 day moving average is $28.91. Rollins Inc. has a 52 week low of $23.69 and a 52 week high of $32.73.
Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Rollins had a net margin of 10.39% and a return on equity of 29.32%. The business had revenue of $424 million for the quarter, compared to the consensus estimate of $421.17 million. During the same period in the prior year, the company posted $0.21 earnings per share. Rollins’s revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that Rollins Inc. will post $0.76 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a dividend yield of 1.34%. Rollins’s dividend payout ratio (DPR) is presently 53.33%.
ROL has been the subject of several research reports. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Saturday, October 29th. Nomura raised their price objective on shares of Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 7th.
Rollins Company Profile
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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