Neuburgh Advisers LLC lowered its holdings in Rollins, Inc. (NYSE:ROL) by 45.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,032 shares of the business services provider’s stock after selling 6,656 shares during the period. Neuburgh Advisers LLC’s holdings in Rollins were worth $288,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in Rollins by 3.0% in the 1st quarter. BlackRock Inc. now owns 10,686,538 shares of the business services provider’s stock valued at $444,771,000 after purchasing an additional 313,004 shares during the period. Bank of New York Mellon Corp boosted its holdings in Rollins by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,451,461 shares of the business services provider’s stock valued at $87,933,000 after purchasing an additional 103,373 shares during the period. Geode Capital Management LLC boosted its holdings in Rollins by 64.5% in the 4th quarter. Geode Capital Management LLC now owns 2,374,960 shares of the business services provider’s stock valued at $85,615,000 after purchasing an additional 931,002 shares during the period. Riverbridge Partners LLC boosted its holdings in Rollins by 2.0% in the 2nd quarter. Riverbridge Partners LLC now owns 2,096,058 shares of the business services provider’s stock valued at $75,186,000 after purchasing an additional 40,222 shares during the period. Finally, Northern Trust Corp boosted its holdings in Rollins by 6.1% in the 1st quarter. Northern Trust Corp now owns 2,042,172 shares of the business services provider’s stock valued at $84,996,000 after purchasing an additional 116,642 shares during the period. 42.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Rollins stock traded down $0.14 on Thursday, reaching $34.67. 20,021 shares of the stock were exchanged, compared to its average volume of 1,354,224. The firm’s 50 day moving average is $33.17 and its 200-day moving average is $37.49. Rollins, Inc. has a one year low of $31.36 and a one year high of $43.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.77. The firm has a market cap of $11.34 billion, a PE ratio of 48.83 and a beta of 0.35.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. Rollins had a net margin of 11.99% and a return on equity of 31.43%. The company had revenue of $524.00 million during the quarter, compared to the consensus estimate of $523.88 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Rollins, Inc. will post 0.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, August 8th. Rollins’s dividend payout ratio (DPR) is presently 59.15%.
A number of brokerages have recently weighed in on ROL. Zacks Investment Research raised shares of Rollins from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a report on Monday, July 29th. Stifel Nicolaus downgraded shares of Rollins from a “hold” rating to a “sell” rating and cut their price target for the stock from $36.50 to $25.00 in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.87.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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