Nissay Asset Management Corp Japan ADV reduced its stake in Rollins, Inc. (NYSE:ROL) by 32.8% during the third quarter, HoldingsChannel reports. The firm owned 42,050 shares of the business services provider’s stock after selling 20,526 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Rollins were worth $2,552,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in shares of Rollins by 192.1% during the 3rd quarter. Arizona State Retirement System now owns 194,712 shares of the business services provider’s stock valued at $11,817,000 after buying an additional 128,059 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Rollins by 32.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 119,771 shares of the business services provider’s stock valued at $7,269,000 after buying an additional 29,642 shares during the period. Congress Asset Management Co. MA purchased a new stake in shares of Rollins in the 3rd quarter worth $88,980,000. Russell Investments Group Ltd. increased its stake in shares of Rollins by 122.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 80,206 shares of the business services provider’s stock worth $4,848,000 after purchasing an additional 44,137 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Rollins by 8.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 617,631 shares of the business services provider’s stock worth $37,484,000 after purchasing an additional 47,666 shares in the last quarter. 38.17% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ROL opened at $59.35 on Friday. The firm has a market capitalization of $12.95 billion, a PE ratio of 57.07, a P/E/G ratio of 5.53 and a beta of 0.30. Rollins, Inc. has a one year low of $44.43 and a one year high of $64.39.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $487.70 million during the quarter, compared to analyst estimates of $489.64 million. Rollins had a return on equity of 32.90% and a net margin of 11.97%. Rollins’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be paid a $0.14 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. Rollins’s dividend payout ratio (DPR) is 64.37%.
Several equities research analysts have recently commented on ROL shares. Zacks Investment Research lowered Rollins from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $55.00 price objective (up from $50.00) on shares of Rollins in a research note on Sunday, August 12th. Buckingham Research upped their price objective on Rollins from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, October 29th. Finally, Gabelli started coverage on Rollins in a research note on Monday, September 17th. They issued a “hold” rating and a $51.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rollins presently has a consensus rating of “Hold” and an average target price of $55.80.
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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