Rollins, Inc. (NYSE:ROL) Stake Increased by Advisors Preferred LLC
Advisors Preferred LLC raised its stake in Rollins, Inc. (NYSE:ROL) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 10,229 shares of the business services provider’s stock after buying an additional 145 shares during the period. Advisors Preferred LLC’s holdings in Rollins were worth $416,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Rollins during the second quarter valued at $1,636,000. Rhumbline Advisers boosted its stake in Rollins by 10.9% in the second quarter. Rhumbline Advisers now owns 311,567 shares of the business services provider’s stock valued at $12,684,000 after buying an additional 30,698 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Rollins by 271.4% in the second quarter. Teacher Retirement System of Texas now owns 28,792 shares of the business services provider’s stock valued at $1,172,000 after buying an additional 21,039 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Rollins during the second quarter valued at $335,000. Finally, First Trust Advisors LP boosted its stake in Rollins by 13.4% in the second quarter. First Trust Advisors LP now owns 676,743 shares of the business services provider’s stock valued at $27,550,000 after buying an additional 80,196 shares during the last quarter. Hedge funds and other institutional investors own 37.86% of the company’s stock.
Rollins, Inc. (NYSE:ROL) opened at 43.46 on Monday. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 52.17 and a beta of 0.29. Rollins, Inc. has a 52-week low of $27.83 and a 52-week high of $44.64. The firm’s 50-day moving average price is $42.04 and its 200 day moving average price is $39.32.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. Rollins had a return on equity of 35.86% and a net margin of 12.38%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities research analysts forecast that Rollins, Inc. will post $0.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 8th. Rollins’s payout ratio is 55.42%.
Several research firms recently weighed in on ROL. BidaskClub upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Saturday, July 29th. Instinet lifted their price target on Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, Nomura reaffirmed a “buy” rating and set a $40.00 price target on shares of Rollins in a research report on Thursday, April 27th.
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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