Dupont Capital Management Corp Purchases New Position in Rollins, Inc. (ROL)
Dupont Capital Management Corp purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 21,994 shares of the business services provider’s stock, valued at approximately $794,000.
A number of other large investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its stake in Rollins by 51.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 185,499 shares of the business services provider’s stock worth $6,697,000 after acquiring an additional 62,879 shares in the last quarter. Rhumbline Advisers grew its position in Rollins by 94.3% during the 4th quarter. Rhumbline Advisers now owns 355,605 shares of the business services provider’s stock worth $12,837,000 after purchasing an additional 172,570 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Rollins by 69.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,919 shares of the business services provider’s stock worth $105,000 after purchasing an additional 1,199 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Rollins by 125.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 34,544 shares of the business services provider’s stock worth $1,247,000 after purchasing an additional 19,232 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in Rollins by 50.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 39,610 shares of the business services provider’s stock worth $1,430,000 after purchasing an additional 13,203 shares during the last quarter. Hedge funds and other institutional investors own 27.77% of the company’s stock.
Several research analysts have issued reports on ROL shares. William Blair reissued a “buy” rating on shares of Rollins in a research report on Friday, December 7th. Nomura reissued a “buy” rating and set a $46.00 price objective on shares of Rollins in a research report on Monday, January 28th. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Buckingham Research raised their price objective on shares of Rollins from $33.33 to $37.33 and gave the stock a “neutral” rating in a research report on Monday, October 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, January 23rd. The business services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $444.62 million during the quarter, compared to analysts’ expectations of $446.61 million. Rollins had a net margin of 12.72% and a return on equity of 33.03%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, sell-side analysts expect that Rollins, Inc. will post 0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be issued a $0.105 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.42 annualized dividend and a dividend yield of 1.07%. Rollins’s payout ratio is presently 59.15%.
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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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