Rollins, Inc. (ROL) Shares Sold by Southeast Asset Advisors Inc.
Southeast Asset Advisors Inc. trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 22.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,280 shares of the business services provider’s stock after selling 5,940 shares during the quarter. Southeast Asset Advisors Inc.’s holdings in Rollins were worth $826,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Tocqueville Asset Management L.P. lifted its position in Rollins by 3.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 10,930 shares of the business services provider’s stock worth $445,000 after buying an additional 373 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Rollins by 1.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock worth $506,000 after acquiring an additional 202 shares during the last quarter. Banque Pictet & Cie SA increased its position in Rollins by 37.5% in the 2nd quarter. Banque Pictet & Cie SA now owns 55,000 shares of the business services provider’s stock valued at $2,239,000 after acquiring an additional 15,000 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of Rollins by 3.1% in the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock worth $456,000 after acquiring an additional 371 shares during the last quarter. Finally, Pictet & Cie Europe SA raised its stake in shares of Rollins by 176.7% in the second quarter. Pictet & Cie Europe SA now owns 41,500 shares of the business services provider’s stock worth $1,689,000 after acquiring an additional 26,500 shares during the last quarter. 37.33% of the stock is owned by institutional investors and hedge funds.
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Several analysts have recently commented on ROL shares. Zacks Investment Research cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.
Shares of Rollins, Inc. (ROL) traded up 0.20% during midday trading on Wednesday, hitting $46.22. The company had a trading volume of 192,104 shares. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 55.49 and a beta of 0.31. The stock’s 50-day moving average price is $44.60 and its 200-day moving average price is $41.55. Rollins, Inc. has a one year low of $28.00 and a one year high of $46.36.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The firm had revenue of $433.56 million during the quarter, compared to analysts’ expectations of $436.81 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Rollins, Inc. will post $0.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend 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 presently 55.42%.
In related news, insider John F. Wilson sold 12,876 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 56.30% of the stock is currently owned by insiders.
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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