BNP Paribas Arbitrage SA Boosts Position in Rollins, Inc. (ROL)
BNP Paribas Arbitrage SA boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 127.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,286 shares of the business services provider’s stock after buying an additional 27,025 shares during the period. BNP Paribas Arbitrage SA’s holdings in Rollins were worth $1,966,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Rollins by 7.1% in the first quarter. Vanguard Group Inc. now owns 9,709,860 shares of the business services provider’s stock worth $360,527,000 after buying an additional 647,641 shares in the last quarter. BlackRock Inc. increased its position in Rollins by 13,047.7% in the first quarter. BlackRock Inc. now owns 7,575,422 shares of the business services provider’s stock worth $281,276,000 after buying an additional 7,517,804 shares in the last quarter. State Street Corp increased its position in Rollins by 1.8% in the first quarter. State Street Corp now owns 2,506,568 shares of the business services provider’s stock worth $93,069,000 after buying an additional 44,732 shares in the last quarter. Schroder Investment Management Group increased its position in Rollins by 7.9% in the first quarter. Schroder Investment Management Group now owns 2,281,234 shares of the business services provider’s stock worth $84,246,000 after buying an additional 167,028 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Rollins by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 1,246,423 shares of the business services provider’s stock worth $50,742,000 after buying an additional 42,729 shares in the last quarter. Hedge funds and other institutional investors own 37.29% of the company’s stock.
Shares of Rollins, Inc. (NYSE:ROL) opened at 44.44 on Friday. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 53.35 and a beta of 0.30. The company’s 50-day moving average price is $43.41 and its 200 day moving average price is $40.26. Rollins, Inc. has a 12-month low of $28.00 and a 12-month high of $44.98.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, equities analysts predict that Rollins, Inc. will post $0.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, August 8th. Rollins’s dividend payout ratio (DPR) is currently 55.42%.
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A number of research analysts have recently commented on ROL shares. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Saturday, July 29th. Instinet increased their target price on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, BidaskClub downgraded Rollins from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd.
In other Rollins news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total transaction of $574,269.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 56.30% of the company’s stock.
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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