13,621 Shares in Rollins, Inc. (ROL) Acquired by Sciencast Management LP
Sciencast Management LP bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,621 shares of the business services provider’s stock, valued at approximately $555,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Rollins by 2.9% during the second quarter. Vanguard Group Inc. now owns 9,992,641 shares of the business services provider’s stock worth $406,800,000 after buying an additional 282,781 shares during the period. BlackRock Inc. boosted its stake in shares of Rollins by 14.7% during the second quarter. BlackRock Inc. now owns 8,686,772 shares of the business services provider’s stock worth $353,638,000 after buying an additional 1,111,350 shares during the period. State Street Corp boosted its stake in shares of Rollins by 22.0% during the second quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock worth $124,482,000 after buying an additional 551,185 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Rollins during the second quarter worth about $64,889,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Rollins by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 1,246,423 shares of the business services provider’s stock worth $50,742,000 after buying an additional 42,729 shares during the period. Institutional investors and hedge funds own 37.33% of the company’s stock.
Rollins, Inc. (NYSE:ROL) traded up 1.58% on Friday, reaching $46.87. 778,751 shares of the company traded hands. Rollins, Inc. has a 12 month low of $28.00 and a 12 month high of $46.89. The company has a 50-day moving average price of $44.80 and a 200-day moving average price of $41.69. The company has a market capitalization of $10.22 billion, a P/E ratio of 56.27 and a beta of 0.31.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. Rollins’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. Equities research analysts expect that Rollins, Inc. will post $0.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, August 8th. Rollins’s payout ratio is 55.42%.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.
In other Rollins news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 56.30% of the company’s stock.
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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