Sunbelt Securities Inc. reduced its holdings in Rollins, Inc. (NYSE:ROL – Get Rating) by 10.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,344 shares of the business services provider’s stock after selling 1,081 shares during the quarter. Sunbelt Securities Inc.’s holdings in Rollins were worth $324,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Rollins by 101.9% in the 2nd quarter. Renaissance Technologies LLC now owns 498,900 shares of the business services provider’s stock valued at $17,422,000 after buying an additional 251,800 shares during the period. Wahed Invest LLC acquired a new stake in shares of Rollins in the 2nd quarter valued at approximately $86,000. Aigen Investment Management LP acquired a new stake in shares of Rollins in the 3rd quarter valued at approximately $1,620,000. Marshall Wace LLP acquired a new stake in shares of Rollins in the 3rd quarter valued at approximately $5,654,000. Finally, Xponance Inc. lifted its holdings in shares of Rollins by 8.1% in the 3rd quarter. Xponance Inc. now owns 48,821 shares of the business services provider’s stock valued at $1,693,000 after buying an additional 3,669 shares during the period. 38.98% of the stock is owned by institutional investors and hedge funds.
In other news, insider Elizabeth B. Chandler sold 2,129 shares of Rollins stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $36.57, for a total value of $77,857.53. Following the completion of the sale, the insider now owns 96,960 shares of the company’s stock, valued at $3,545,827.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 53.10% of the company’s stock.
Rollins Stock Performance
Rollins (NYSE:ROL – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $661.40 million during the quarter, compared to the consensus estimate of $661.44 million. Rollins had a return on equity of 30.92% and a net margin of 13.53%. Rollins’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. On average, analysts anticipate that Rollins, Inc. will post 0.8 EPS for the current fiscal year.
Rollins Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, February 9th. Rollins’s dividend payout ratio is currently 70.27%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ROL. Redburn Partners began coverage on Rollins in a report on Wednesday, February 1st. They set a “buy” rating and a $62.00 price objective for the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.25.
Rollins Company Profile
Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.
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