Russell Investments Group Ltd. reduced its holdings in Rollins, Inc. (NYSE:ROL – Get Rating) by 56.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,626 shares of the business services provider’s stock after selling 65,842 shares during the quarter. Russell Investments Group Ltd.’s holdings in Rollins were worth $1,887,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its position in shares of Rollins by 3.1% during the 4th quarter. Arizona State Retirement System now owns 62,722 shares of the business services provider’s stock valued at $2,292,000 after purchasing an additional 1,876 shares during the period. Toronto Dominion Bank increased its position in shares of Rollins by 16.8% during the 4th quarter. Toronto Dominion Bank now owns 126,029 shares of the business services provider’s stock valued at $4,603,000 after purchasing an additional 18,141 shares during the period. Duality Advisers LP acquired a new position in shares of Rollins during the 4th quarter valued at $2,015,000. Benjamin Edwards Inc. increased its position in shares of Rollins by 15.7% during the 4th quarter. Benjamin Edwards Inc. now owns 4,208 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 570 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in shares of Rollins during the 4th quarter valued at $257,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on ROL shares. Stifel Nicolaus lifted their price target on Rollins from $37.00 to $40.00 in a research report on Friday, April 28th. StockNews.com assumed coverage on Rollins in a research note on Thursday, May 18th. They set a “buy” rating for the company. Finally, Redburn Partners assumed coverage on Rollins in a research note on Wednesday, February 1st. They set a “buy” rating and a $62.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.40.
Insider Transactions at Rollins
Rollins Stock Performance
ROL opened at $40.69 on Tuesday. The firm has a market cap of $20.05 billion, a PE ratio of 52.84 and a beta of 0.66. The business has a fifty day simple moving average of $39.19 and a 200-day simple moving average of $38.16. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Rollins, Inc. has a fifty-two week low of $31.43 and a fifty-two week high of $43.06.
Rollins (NYSE:ROL – Get Rating) last issued its earnings results on Wednesday, April 26th. The business services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $658.02 million during the quarter, compared to analysts’ expectations of $643.78 million. Rollins had a return on equity of 31.07% and a net margin of 13.77%. Rollins’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, equities analysts predict that Rollins, Inc. will post 0.85 EPS for the current fiscal year.
Rollins Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be given a $0.13 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.52 annualized dividend and a dividend yield of 1.28%. Rollins’s dividend payout ratio (DPR) is presently 67.53%.
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.
- Get a free copy of the StockNews.com research report on Rollins (ROL)
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