Benedict Financial Advisors Inc. increased its stake in Rollins Inc. (NYSE:ROL) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 24,935 shares of the company’s stock after buying an additional 1,270 shares during the period. Benedict Financial Advisors Inc.’s holdings in Rollins were worth $729,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. LS Investment Advisors LLC increased its position in Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock worth $169,000 after buying an additional 2,446 shares during the period. S. Muoio & CO. LLC acquired a new position in Rollins during the first quarter worth $203,000. HBK Investments L P acquired a new position in Rollins during the first quarter worth $255,000. M&T Bank Corp increased its position in Rollins by 3.3% in the first quarter. M&T Bank Corp now owns 11,426 shares of the company’s stock worth $309,000 after buying an additional 363 shares during the period. Finally, Bank of Montreal Can acquired a new position in Rollins during the second quarter worth $427,000. 35.59% of the stock is owned by institutional investors.
Shares of Rollins Inc. (NYSE:ROL) traded up 1.39% during mid-day trading on Friday, reaching $29.28. 541,072 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $28.59 and its 200 day moving average price is $28.04. The company has a market cap of $6.39 billion, a PE ratio of 40.89 and a beta of 0.52. Rollins Inc. has a 52-week low of $23.69 and a 52-week high of $29.71.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The company had revenue of $411.10 million for the quarter, compared to analyst estimates of $415.60 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that Rollins Inc. will post $0.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. Rollins’s payout ratio is presently 54.80%.
A number of research firms recently weighed in on ROL. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday. Nomura increased their price target on shares of Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th.
Rollins Company Profile
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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