BNP Paribas Arbitrage SA cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,025 shares of the business services provider’s stock after selling 12,261 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Rollins were worth $1,662,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Virtu KCG Holdings LLC acquired a new position in shares of Rollins during the second quarter worth approximately $259,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Rollins by 3.5% during the second quarter. Tocqueville Asset Management L.P. now owns 10,930 shares of the business services provider’s stock worth $445,000 after buying an additional 373 shares during the last quarter. Banque Pictet & Cie SA lifted its holdings in shares of Rollins by 37.5% during the second quarter. Banque Pictet & Cie SA now owns 55,000 shares of the business services provider’s stock worth $2,239,000 after buying an additional 15,000 shares during the last quarter. Pictet & Cie Europe SA raised its stake in shares of Rollins by 176.7% in the second quarter. Pictet & Cie Europe SA now owns 41,500 shares of the business services provider’s stock valued at $1,689,000 after purchasing an additional 26,500 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Rollins in the second quarter valued at $1,447,000. Institutional investors own 37.66% of the company’s stock.
Shares of Rollins, Inc. (ROL) traded down $0.10 during midday trading on Friday, hitting $45.22. The company had a trading volume of 141,649 shares, compared to its average volume of 471,675. The firm has a market capitalization of $9,856.83, a price-to-earnings ratio of 54.48 and a beta of 0.26. Rollins, Inc. has a twelve month low of $32.03 and a twelve month high of $48.29.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $450.40 million during the quarter, compared to analyst estimates of $449.92 million. Rollins had a net margin of 11.15% and a return on equity of 29.60%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. sell-side analysts forecast that Rollins, Inc. will post 0.85 EPS for the current fiscal year.
The company 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 $0.10 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.04%. Rollins’s payout ratio is 54.76%.
A number of research analysts recently commented on ROL shares. BidaskClub upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Saturday, July 29th. Finally, KeyCorp restated a “hold” rating on shares of Rollins in a research note on Sunday, October 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 stock currently has a consensus rating of “Buy” and a consensus price target of $44.67.
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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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