Ameriprise Financial Inc. raised its position in shares of Rollins Inc. (NYSE:ROL) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 378,792 shares of the company’s stock after buying an additional 6,104 shares during the period. Ameriprise Financial Inc. owned 0.17% of Rollins worth $11,088,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bollard Group LLC raised its position in Rollins by 0.3% in the second quarter. Bollard Group LLC now owns 18,615 shares of the company’s stock valued at $545,000 after buying an additional 64 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Rollins by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 31,905 shares of the company’s stock valued at $935,000 after buying an additional 130 shares during the last quarter. State Treasurer State of Michigan raised its position in Rollins by 0.5% in the second quarter. State Treasurer State of Michigan now owns 37,739 shares of the company’s stock valued at $1,105,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp raised its position in Rollins by 3.3% in the first quarter. M&T Bank Corp now owns 11,426 shares of the company’s stock valued at $309,000 after buying an additional 363 shares during the last quarter. Finally, Creative Planning raised its position in Rollins by 1.9% in the second quarter. Creative Planning now owns 20,877 shares of the company’s stock valued at $611,000 after buying an additional 386 shares during the last quarter. 35.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Rollins Inc. (NYSE:ROL) traded down 0.28% during mid-day trading on Thursday, hitting $28.87. 372,098 shares of the stock were exchanged. The company has a 50-day moving average price of $28.57 and a 200-day moving average price of $28.03. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 40.32 and a beta of 0.52. Rollins Inc. has a 12 month low of $23.69 and a 12 month high of $29.71.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The company earned $411.10 million during the quarter, compared to analyst estimates of $415.60 million. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that Rollins Inc. will post $0.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, August 8th. Rollins’s dividend payout ratio (DPR) is presently 54.80%.
A number of analysts have recently issued reports on ROL shares. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura boosted their target price on shares of Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th.
Rollins Company Profile
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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