Rollins, Inc. (ROL) Holdings Increased by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its holdings in Rollins, Inc. (NYSE:ROL) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,270,295 shares of the business services provider’s stock after acquiring an additional 23,872 shares during the period. Bank of New York Mellon Corp owned approximately 0.58% of Rollins worth $58,611,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Rollins by 237.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 97,227 shares of the business services provider’s stock valued at $4,486,000 after buying an additional 68,435 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Rollins by 2.3% during the 3rd quarter. Rhumbline Advisers now owns 318,796 shares of the business services provider’s stock valued at $14,709,000 after buying an additional 7,229 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Rollins by 31.4% during the 3rd quarter. Advisor Group Inc. now owns 20,705 shares of the business services provider’s stock valued at $955,000 after buying an additional 4,950 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Rollins by 3.1% during the 3rd quarter. Capital Analysts LLC now owns 84,921 shares of the business services provider’s stock valued at $3,918,000 after buying an additional 2,546 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of 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. 37.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rollins, Inc. (ROL) traded up $0.35 during midday trading on Friday, hitting $46.70. The company had a trading volume of 396,110 shares, compared to its average volume of 435,200. The stock has a market cap of $10,107.51, a PE ratio of 55.87 and a beta of 0.27. Rollins, Inc. has a 52 week low of $32.29 and a 52 week high of $48.29.
Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $449.92 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Rollins’s revenue was up 6.2% compared to the same quarter last year. equities analysts forecast that Rollins, Inc. will post 0.85 EPS for the current 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 given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 9th. This represents a yield of 1.04%. Rollins’s payout ratio is 54.76%.
ROL has been the topic of a number of research reports. BidaskClub raised Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, KeyCorp reissued a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.67.
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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