TD Asset Management Inc. decreased its holdings in Rollins, Inc. (NYSE:ROL) by 25.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,408 shares of the business services provider’s stock after selling 32,054 shares during the period. TD Asset Management Inc.’s holdings in Rollins were worth $4,356,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Rollins by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 370,823 shares of the business services provider’s stock worth $17,110,000 after purchasing an additional 4,224 shares in the last quarter. Commerce Bank grew its stake in Rollins by 245.9% during the third quarter. Commerce Bank now owns 25,180 shares of the business services provider’s stock valued at $1,162,000 after acquiring an additional 17,900 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Rollins by 100.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 25,076 shares of the business services provider’s stock valued at $1,157,000 after acquiring an additional 12,538 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Rollins by 103.4% during the third quarter. Russell Investments Group Ltd. now owns 181,894 shares of the business services provider’s stock valued at $8,392,000 after acquiring an additional 92,478 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Rollins by 7.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 298,108 shares of the business services provider’s stock valued at $13,755,000 after acquiring an additional 19,611 shares in the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.
ROL has been the subject of several recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. Zacks Investment Research cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.67.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. Rollins had a net margin of 11.15% and a return on equity of 29.60%. Rollins’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. analysts anticipate that Rollins, Inc. will post 0.85 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a yield of 1.04%. Rollins’s payout ratio is presently 54.76%.
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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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