Victory Capital Management Inc. raised its stake in shares of Rollins Inc. (NYSE:ROL) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 31,501 shares of the company’s stock after buying an additional 1,670 shares during the period. Victory Capital Management Inc.’s holdings in Rollins were worth $922,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Rollins by 131.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,125,637 shares of the company’s stock valued at $30,528,000 after buying an additional 639,196 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Rollins by 16.0% in the first quarter. Renaissance Technologies LLC now owns 1,485,975 shares of the company’s stock valued at $40,300,000 after buying an additional 204,475 shares during the last quarter. State Street Corp boosted its stake in Rollins by 2.5% in the first quarter. State Street Corp now owns 2,445,442 shares of the company’s stock valued at $66,324,000 after buying an additional 60,137 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Rollins by 2,560.9% in the first quarter. JPMorgan Chase & Co. now owns 33,235 shares of the company’s stock valued at $901,000 after buying an additional 31,986 shares during the last quarter. Finally, Moore Capital Management LP purchased a new stake in Rollins during the first quarter valued at approximately $1,898,000. Institutional investors and hedge funds own 35.59% of the company’s stock.
Rollins Inc. (NYSE:ROL) traded down 1.05% on Friday, hitting $29.08. The company’s stock had a trading volume of 109,727 shares. Rollins Inc. has a 12 month low of $23.69 and a 12 month high of $29.71. The stock has a market cap of $6.35 billion, a PE ratio of 40.61 and a beta of 0.52. The firm has a 50 day moving average of $28.43 and a 200-day moving average of $28.01.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.01. The company earned $411.10 million during the quarter, compared to analyst estimates of $415.60 million. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, analysts expect that Rollins Inc. will post $0.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.36%. Rollins’s dividend payout ratio is currently 54.80%.
ROL has been the topic of several research reports. Nomura boosted their target price on Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Saturday, July 30th.
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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