Rhumbline Advisers Has $13.91 Million Stake in Rollins, Inc. (ROL)
Rhumbline Advisers decreased its position in Rollins, Inc. (NYSE:ROL) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,100 shares of the business services provider’s stock after selling 21,505 shares during the period. Rhumbline Advisers’ holdings in Rollins were worth $13,905,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Enlightenment Research LLC acquired a new position in shares of Rollins in the fourth quarter valued at approximately $32,000. Proficio Capital Partners LLC grew its holdings in Rollins by 50.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 414 shares during the period. Clarfeld Financial Advisors LLC purchased a new stake in Rollins in the fourth quarter valued at approximately $45,000. CSat Investment Advisory L.P. purchased a new stake in Rollins in the fourth quarter valued at approximately $46,000. Finally, Whittier Trust Co. grew its holdings in Rollins by 50.0% in the fourth quarter. Whittier Trust Co. now owns 1,419 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 473 shares during the period. 39.89% of the stock is currently owned by institutional investors and hedge funds.
In other Rollins news, insider John F. Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $40.84, for a total transaction of $1,225,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 56.90% of the stock is owned by insiders.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Rollins had a return on equity of 31.78% and a net margin of 12.34%. The business had revenue of $429.10 million for the quarter, compared to analysts’ expectations of $438.55 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Rollins’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Rollins, Inc. will post 0.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.42 annualized dividend and a yield of 1.16%. Rollins’s dividend payout ratio is currently 59.15%.
A number of research firms recently issued reports on ROL. Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Macquarie began coverage on shares of Rollins in a report on Monday, April 29th. They issued a “neutral” rating and a $38.90 target price for the company. Nomura lowered their target price on shares of Rollins from $46.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Rollins has an average rating of “Hold” and a consensus price target of $38.48.
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.
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