Convergence Investment Partners LLC Buys Shares of 25,130 Rollins, Inc. (ROL)
Convergence Investment Partners LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 25,130 shares of the business services provider’s stock, valued at approximately $1,159,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in Rollins by 243.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,144 shares of the business services provider’s stock valued at $191,000 after buying an additional 2,938 shares in the last quarter. Hengehold Capital Management LLC purchased a new stake in Rollins during the 3rd quarter valued at approximately $202,000. Sei Investments Co. grew its holdings in Rollins by 1,223.2% during the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,159 shares in the last quarter. Clinton Group Inc. purchased a new stake in Rollins during the 2nd quarter valued at approximately $217,000. Finally, Achmea Investment Management B.V. purchased a new stake in Rollins during the 2nd quarter valued at approximately $221,000. 37.65% of the stock is owned by institutional investors and hedge funds.
Rollins, Inc. (NYSE ROL) traded up $0.58 during mid-day trading on Thursday, hitting $46.17. 715,200 shares of the company were exchanged, compared to its average volume of 543,096. Rollins, Inc. has a 1 year low of $32.82 and a 1 year high of $48.29. The stock has a market capitalization of $9,937.49, a price-to-earnings ratio of 54.93 and a beta of 0.28.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Rollins had a net margin of 11.15% and a return on equity of 29.60%. The business had revenue of $450.40 million during the quarter, compared to analysts’ expectations of $449.92 million. During the same period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. sell-side analysts expect that Rollins, Inc. will post 0.85 EPS for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be issued a $0.10 dividend. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 9th. Rollins’s dividend payout ratio (DPR) is presently 54.76%.
A number of research firms recently weighed in on ROL. KeyCorp reissued a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.67.
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Rollins Company Profile
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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