Oakbrook Investments LLC Acquires Shares of 7,500 Rollins, Inc. (ROL)
Oakbrook Investments LLC acquired a new stake in Rollins, Inc. (NYSE:ROL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,500 shares of the business services provider’s stock, valued at approximately $346,000.
A number of other large investors have also recently made changes to their positions in the stock. Hengehold Capital Management LLC acquired a new stake in Rollins in the third quarter valued at about $202,000. Robeco Institutional Asset Management B.V. lifted its position in Rollins by 160.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,558 shares of the business services provider’s stock valued at $1,133,000 after purchasing an additional 15,145 shares during the period. Balasa Dinverno & Foltz LLC lifted its position in Rollins by 42.8% in the third quarter. Balasa Dinverno & Foltz LLC now owns 20,494 shares of the business services provider’s stock valued at $946,000 after purchasing an additional 6,139 shares during the period. Profit Investment Management LLC lifted its position in Rollins by 37.3% in the third quarter. Profit Investment Management LLC now owns 32,329 shares of the business services provider’s stock valued at $1,492,000 after purchasing an additional 8,789 shares during the period. Finally, Shell Asset Management Co. lifted its position in Rollins by 118.8% in the third quarter. Shell Asset Management Co. now owns 37,697 shares of the business services provider’s stock valued at $1,104,000 after purchasing an additional 20,467 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.
A number of brokerages recently commented on ROL. KeyCorp restated a “hold” rating on shares of Rollins in a research report on Sunday. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Saturday, July 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.67.
ILLEGAL ACTIVITY WARNING: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/10/30/oakbrook-investments-llc-acquires-shares-of-7500-rollins-inc-rol.html.
Rollins, Inc. (NYSE:ROL) opened at 43.44 on Monday. The stock has a market capitalization of $9.47 billion, a PE ratio of 52.15 and a beta of 0.31. The stock’s 50 day moving average is $45.79 and its 200-day moving average is $42.81. Rollins, Inc. has a 52 week low of $30.33 and a 52 week high of $48.29.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Rollins had a net margin of 11.15% and a return on equity of 29.60%. The business had revenue of $450.40 million for the quarter, compared to analyst estimates of $449.92 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that Rollins, Inc. will post $0.85 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be paid a dividend of $0.10 per share. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 9th. Rollins’s dividend payout ratio is presently 54.76%.
In related news, insider John F. Wilson sold 12,876 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 56.30% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL).
Receive News & Stock Ratings for Rollins Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins Inc. and related stocks with our FREE daily email newsletter.