Suntrust Banks Inc. Has $724,000 Stake in Rollins, Inc. (ROL)
Suntrust Banks Inc. decreased its position in Rollins, Inc. (NYSE:ROL) by 27.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,796 shares of the business services provider’s stock after selling 6,657 shares during the period. Suntrust Banks Inc.’s holdings in Rollins were worth $724,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. grew its stake in shares of Rollins by 3.5% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 10,930 shares of the business services provider’s stock valued at $445,000 after buying an additional 373 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Rollins by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock valued at $506,000 after buying an additional 202 shares during the period. Banque Pictet & Cie SA grew its stake in shares of 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 buying an additional 15,000 shares during the period. Advantus Capital Management Inc grew its stake in shares of Rollins by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock valued at $456,000 after buying an additional 371 shares during the period. Finally, Pictet & Cie Europe SA grew its stake in shares of Rollins by 176.7% in the 2nd quarter. Pictet & Cie Europe SA now owns 41,500 shares of the business services provider’s stock valued at $1,689,000 after buying an additional 26,500 shares during the period. 37.33% of the stock is owned by institutional investors and hedge funds.
ROL has been the subject of several analyst reports. Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Saturday, July 29th. BidaskClub cut shares of Rollins from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd.
Rollins, Inc. (ROL) opened at 46.87 on Friday. Rollins, Inc. has a one year low of $28.00 and a one year high of $46.89. The stock has a 50 day moving average of $44.80 and a 200 day moving average of $41.69. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 56.27 and a beta of 0.31.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (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 firm had revenue of $433.56 million during the quarter, compared to the consensus estimate of $436.81 million. During the same period in the previous year, the firm 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 year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were issued a $0.115 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a yield of 0.98%. Rollins’s payout ratio is 55.42%.
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In related news, insider John F. Wilson sold 12,876 shares of the business’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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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