Nationwide Fund Advisors raised its stake in shares of Rollins Inc. (NYSE:ROL) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 159,439 shares of the company’s stock after buying an additional 4,404 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Rollins worth $4,667,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in shares of Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock valued at $169,000 after buying an additional 2,446 shares during the period. CIBC Asset Management Inc bought a new position in shares of Rollins during the second quarter worth about $204,000. Stephens Inc. AR bought a new position in shares of Rollins during the second quarter worth about $207,000. BB&T Corp bought a new position in shares of Rollins during the second quarter worth about $216,000. Finally, Calvert Investment Management Inc. bought a new position in shares of Rollins during the second quarter worth about $216,000. 35.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rollins Inc. (NYSE:ROL) traded up 1.39% during midday trading on Friday, hitting $29.28. 541,072 shares of the company were exchanged. Rollins Inc. has a one year low of $23.69 and a one year high of $29.71. The stock has a market cap of $6.39 billion, a PE ratio of 40.89 and a beta of 0.52. The stock’s 50-day moving average is $28.63 and its 200-day moving average is $28.05.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The company earned $411.10 million during the quarter, compared to the consensus estimate of $415.60 million. During the same period last year, the company earned $0.21 earnings per share. Rollins’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Rollins Inc. will post $0.76 EPS for the current year.
The company 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, August 8th. Rollins’s dividend payout ratio (DPR) is currently 54.80%.
A number of brokerages have recently weighed in on ROL. Nomura raised their price objective on shares of Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, September 7th. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th.
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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