Rollins, Inc. (ROL) Shares Bought by Bamco Inc. NY
Bamco Inc. NY increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 626,341 shares of the business services provider’s stock after buying an additional 1,440 shares during the period. Bamco Inc. NY owned 0.29% of Rollins worth $25,498,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in ROL. Alps Advisors Inc. boosted its holdings in Rollins by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,101 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 34 shares during the period. Bollard Group LLC boosted its holdings in Rollins by 0.3% in the 2nd quarter. Bollard Group LLC now owns 18,897 shares of the business services provider’s stock valued at $769,000 after purchasing an additional 50 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Rollins by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 24,139 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 96 shares during the period. Utah Retirement Systems boosted its holdings in Rollins by 0.6% in the 2nd quarter. Utah Retirement Systems now owns 17,500 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 100 shares during the period. Finally, Advisors Preferred LLC boosted its holdings in Rollins by 1.4% in the 2nd quarter. Advisors Preferred LLC now owns 10,229 shares of the business services provider’s stock valued at $416,000 after purchasing an additional 145 shares during the period. 37.33% of the stock is owned by institutional investors and hedge funds.
ROL has been the subject of a number of recent research reports. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Saturday, July 29th.
In other news, insider John F. Wilson sold 12,876 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 56.30% of the stock is currently owned by company insiders.
Shares of Rollins, Inc. (NYSE ROL) traded up 0.81% during mid-day trading on Friday, hitting $46.14. 567,179 shares of the stock were exchanged. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 55.39 and a beta of 0.30. Rollins, Inc. has a 52 week low of $28.00 and a 52 week high of $46.22. The stock’s 50-day moving average is $44.17 and its 200-day moving average is $40.91.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The company had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. During the same period last year, the business earned $0.22 earnings per share. Rollins’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Rollins, Inc. will post $0.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 10th were given a $0.115 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.00%. Rollins’s dividend payout ratio (DPR) is currently 55.42%.
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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