Emerald Acquisition Ltd. purchased a new stake in Rollins Inc. (NYSE:ROL) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 57,868 shares of the company’s stock, valued at approximately $1,693,000.
Several other large investors also recently modified their holdings of ROL. 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 in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Rollins during the second quarter valued at $204,000. BB&T Corp bought a new stake in shares of Rollins during the second quarter valued at $216,000. S. Muoio & CO. LLC bought a new stake in shares of Rollins during the first quarter valued at $203,000. Finally, HBK Investments L P bought a new stake in shares of Rollins during the first quarter valued at $255,000. 35.59% of the stock is owned by hedge funds and other institutional investors.
Rollins Inc. (NYSE:ROL) traded down 0.188% during midday trading on Monday, reaching $29.225. The company’s stock had a trading volume of 223,834 shares. Rollins Inc. has a 1-year low of $23.69 and a 1-year high of $29.71. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 40.817 and a beta of 0.41. The company’s 50-day moving average price is $28.63 and its 200-day moving average price 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 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 firm earned $411.10 million during the quarter, compared to the consensus estimate of $415.60 million. During the same quarter last year, the firm posted $0.21 earnings per share. Rollins’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Rollins Inc. will post $0.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were paid 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 yield of 1.37%. Rollins’s payout ratio is currently 54.80%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, September 21st. Nomura increased their price target on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a report 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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