Retirement Systems of Alabama raised its position in shares of Rollins, Inc. (NYSE:ROL) by 1.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 68,631 shares of the business services provider’s stock after buying an additional 737 shares during the period. Retirement Systems of Alabama’s holdings in Rollins were worth $2,856,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ROL. Enlightenment Research LLC purchased a new stake in shares of Rollins during the fourth quarter valued at about $32,000. Proficio Capital Partners LLC lifted its position in shares of Rollins by 50.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235 shares of the business services provider’s stock valued at $45,000 after buying an additional 414 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new stake in shares of Rollins during the fourth quarter valued at about $45,000. CSat Investment Advisory L.P. purchased a new stake in shares of Rollins during the fourth quarter valued at about $46,000. Finally, Whittier Trust Co. raised its position in shares of Rollins by 50.0% in the 4th 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 last quarter. 39.84% of the stock is owned by institutional investors and hedge funds.
In related news, insider John F. Wilson sold 30,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $40.84, for a total value of $1,225,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 56.90% of the stock is currently owned by corporate insiders.
Shares of Rollins stock opened at $39.10 on Monday. The company has a market capitalization of $12.81 billion, a P/E ratio of 55.07 and a beta of 0.49. Rollins, Inc. has a 52 week low of $32.08 and a 52 week high of $43.91.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $438.55 million. During the same quarter last year, the company posted $0.22 EPS. Rollins’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Rollins, Inc. will post 0.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.42 annualized dividend and a yield of 1.07%. Rollins’s dividend payout ratio (DPR) is presently 59.15%.
Several equities analysts recently commented on ROL shares. Nomura reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Rollins in a research report on Monday, January 28th. ValuEngine raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of Rollins from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.00.
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Rollins Company Profile
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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