Rollins, Inc. (ROL) Shares Bought by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. raised its position in shares of Rollins, Inc. (NYSE:ROL) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,930 shares of the business services provider’s stock after buying an additional 373 shares during the period. Tocqueville Asset Management L.P.’s holdings in Rollins were worth $445,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey Wright & Associates acquired a new position in shares of Rollins during the first quarter worth about $2,732,000. Elkfork Partners LLC increased its position in shares of Rollins by 67.1% in the first quarter. Elkfork Partners LLC now owns 7,392 shares of the business services provider’s stock worth $275,000 after buying an additional 2,968 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Rollins during the first quarter worth about $676,000. Sheaff Brock Investment Advisors LLC increased its position in shares of Rollins by 4.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 56,878 shares of the business services provider’s stock worth $2,112,000 after buying an additional 2,200 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Rollins by 748.8% in the first quarter. First Trust Advisors LP now owns 596,547 shares of the business services provider’s stock worth $22,150,000 after buying an additional 526,262 shares during the last quarter. 37.29% of the stock is currently owned by hedge funds and other institutional investors.
Rollins, Inc. (ROL) opened at 44.29 on Wednesday. The firm has a 50-day moving average price of $42.93 and a 200-day moving average price of $39.97. Rollins, Inc. has a 12-month low of $28.00 and a 12-month high of $44.98. The company has a market cap of $9.65 billion, a P/E ratio of 53.17 and a beta of 0.29.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $433.56 million during the quarter, compared to the consensus estimate of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. On average, analysts forecast that Rollins, Inc. will post $0.86 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.04%. Rollins’s payout ratio is 55.42%.
A number of research analysts have weighed in on the company. BidaskClub raised Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Saturday, July 29th. Finally, Instinet increased their target price on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 25th.
In other news, insider John F. Wilson sold 12,876 shares of Rollins stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total transaction of $574,269.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.30% of the stock is currently owned by company insiders.
Rollins Company Profile
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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