Rollins, Inc. (ROL) Stake Boosted by Norinchukin Bank The
Norinchukin Bank The raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,940 shares of the business services provider’s stock after purchasing an additional 14,700 shares during the period. Norinchukin Bank The owned 0.12% of Rollins worth $15,897,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Rollins during the third quarter worth $117,000. Fort L.P. acquired a new position in shares of Rollins during the second quarter worth $122,000. Flagship Harbor Advisors LLC acquired a new position in shares of Rollins during the second quarter worth $174,000. BB&T Corp acquired a new position in shares of Rollins during the third quarter worth $207,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of Rollins during the third quarter worth $207,000. 38.87% of the stock is currently owned by institutional investors and hedge funds.
NYSE ROL opened at $60.00 on Thursday. Rollins, Inc. has a 1 year low of $44.71 and a 1 year high of $64.39. The firm has a market capitalization of $13.17 billion, a P/E ratio of 68.97, a PEG ratio of 5.62 and a beta of 0.30.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. Rollins had a return on equity of 32.90% and a net margin of 11.97%. The firm had revenue of $487.70 million for the quarter, compared to the consensus estimate of $489.64 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, November 8th. Rollins’s payout ratio is 64.37%.
ROL has been the topic of a number of recent analyst reports. Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Gabelli initiated coverage on Rollins in a research report on Monday, September 17th. They set a “hold” rating and a $51.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 price target (up from $50.00) on shares of Rollins in a research report on Saturday, August 18th. Finally, Buckingham Research upped their price target on Rollins from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, October 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rollins presently has a consensus rating of “Hold” and a consensus price target of $55.80.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
Further Reading: Book Value Per Share – BVPS
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