Capital Advisors Ltd. LLC lifted its stake in Rollins, Inc. (NYSE:ROL – Get Rating) by 109.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,787 shares of the business services provider’s stock after purchasing an additional 2,501 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Rollins were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Rollins by 12.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 111,799 shares of the business services provider’s stock valued at $3,919,000 after acquiring an additional 12,403 shares during the period. M&T Bank Corp grew its position in Rollins by 9.6% during the 1st quarter. M&T Bank Corp now owns 13,099 shares of the business services provider’s stock worth $459,000 after purchasing an additional 1,152 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Rollins by 58.2% during the 1st quarter. Quadrant Capital Group LLC now owns 1,476 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 543 shares during the period. Cordatus Wealth Management LLC purchased a new stake in shares of Rollins in the first quarter valued at $2,874,000. Finally, KBC Group NV boosted its position in shares of Rollins by 4.2% in the first quarter. KBC Group NV now owns 187,067 shares of the business services provider’s stock worth $6,557,000 after buying an additional 7,524 shares during the period. Hedge funds and other institutional investors own 38.98% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on ROL. Royal Bank of Canada increased their price objective on Rollins from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday, April 11th. Wells Fargo & Company assumed coverage on shares of Rollins in a research report on Tuesday, July 12th. They issued an “equal weight” rating and a $37.00 price target for the company.
Rollins Trading Down 0.4 %
Rollins Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 9th. Rollins’s dividend payout ratio (DPR) is presently 59.70%.
About Rollins
Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.
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