Stevens Capital Management LP bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,659 shares of the business services provider’s stock, valued at approximately $815,000.
Several other institutional investors and hedge funds have also made changes to their positions in ROL. First Quadrant L P CA grew its position in shares of Rollins by 909.7% during the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock worth $157,000 after acquiring an additional 3,475 shares during the last quarter. Sei Investments Co. grew its position in shares of Rollins by 1,223.2% during the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after acquiring an additional 4,159 shares during the last quarter. Hengehold Capital Management LLC purchased a new position in shares of Rollins during the third quarter worth approximately $202,000. Clinton Group Inc. purchased a new position in shares of Rollins during the second quarter worth approximately $217,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Rollins during the second quarter worth $221,000. Institutional investors and hedge funds own 37.54% of the company’s stock.
ROL has been the subject of several recent research reports. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Saturday, July 29th. KeyCorp reaffirmed a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Finally, BidaskClub raised Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.67.
Shares of Rollins, Inc. (NYSE:ROL) opened at $44.93 on Thursday. Rollins, Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $48.29. The firm has a market capitalization of $9,872.10, a price-to-earnings ratio of 54.57 and a beta of 0.26.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). Rollins had a return on equity of 29.60% and a net margin of 11.15%. The company had revenue of $450.40 million for the quarter, compared to analyst estimates of $449.92 million. During the same period in the prior year, the business earned $0.23 earnings per share. Rollins’s revenue for the quarter was up 6.2% compared to the same quarter last year. research analysts predict that Rollins, Inc. will post 0.85 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, November 9th. Rollins’s dividend payout ratio is presently 54.76%.
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Rollins, Inc is a service company, which 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, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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