Oregon Public Employees Retirement Fund raised its stake in Rollins, Inc. (NYSE:ROL) by 115.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,650 shares of the business services provider’s stock after buying an additional 38,913 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Rollins were worth $2,958,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. TrimTabs Asset Management LLC increased its position in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,728 shares in the last quarter. Neuburgh Advisers LLC increased its position in shares of Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,696 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of Rollins during the first quarter valued at about $210,000. Glen Harbor Capital Management LLC increased its position in shares of Rollins by 67.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,808 shares of the business services provider’s stock valued at $216,000 after buying an additional 2,332 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Rollins during the first quarter valued at about $222,000. Institutional investors and hedge funds own 37.86% of the company’s stock.
Shares of Rollins, Inc. (NYSE ROL) traded down 0.77% during midday trading on Friday, reaching $43.65. The company had a trading volume of 448,235 shares. The company has a market capitalization of $9.52 billion, a P/E ratio of 52.40 and a beta of 0.29. The firm’s 50 day moving average price is $42.42 and its 200-day moving average price is $39.64. Rollins, Inc. has a 12 month low of $27.95 and a 12 month high of $44.64.
Rollins (NYSE:ROL) last announced its quarterly earnings data 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. The firm had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Analysts anticipate that Rollins, Inc. will post $0.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.46 annualized dividend and a yield of 1.05%. Rollins’s dividend payout ratio (DPR) is presently 55.42%.
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Several equities analysts have recently issued reports on the company. BidaskClub upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Saturday, July 29th. Instinet boosted their price objective on Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, Nomura reiterated a “buy” rating and set a $40.00 price objective on shares of Rollins in a research report on Thursday, April 27th.
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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