SG Americas Securities LLC reduced its holdings in Rollins Inc. (NYSE:ROL) by 29.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,076 shares of the business services provider’s stock after selling 15,990 shares during the quarter. SG Americas Securities LLC’s holdings in Rollins were worth $1,994,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of ROL. Dimensional Fund Advisors LP lifted its holdings in shares of Rollins by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 627,781 shares of the business services provider’s stock valued at $28,964,000 after buying an additional 2,510 shares during the period. Bank of Montreal Can lifted its holdings in shares of Rollins by 15.9% in the 4th quarter. Bank of Montreal Can now owns 24,472 shares of the business services provider’s stock valued at $1,138,000 after buying an additional 3,356 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Rollins by 1.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 394,719 shares of the business services provider’s stock valued at $18,367,000 after buying an additional 7,202 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Rollins in the 4th quarter valued at approximately $325,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Rollins in the 4th quarter valued at approximately $443,000. 37.76% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on ROL. Buckingham Research began coverage on Rollins in a report on Wednesday, May 9th. They issued a “neutral” rating and a $50.00 price target for the company. Zacks Investment Research cut Rollins from a “hold” rating to a “sell” rating in a report on Saturday, April 21st. Finally, William Blair began coverage on Rollins in a report on Monday, January 29th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Rollins has an average rating of “Hold” and an average price target of $51.00.
Shares of Rollins opened at $50.00 on Friday, MarketBeat Ratings reports. The firm has a market cap of $10.94 billion, a P/E ratio of 57.47 and a beta of 0.24. Rollins Inc. has a 1 year low of $50.15 and a 1 year high of $50.43.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $408.70 million for the quarter, compared to analyst estimates of $402.95 million. Rollins had a return on equity of 30.79% and a net margin of 10.97%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. analysts predict that Rollins Inc. will post 1.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Thursday, May 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, May 9th. This represents a $0.56 annualized dividend and a yield of 1.12%. Rollins’s dividend payout ratio is presently 64.37%.
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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