16,339 Shares in Rollins, Inc. (ROL) Acquired by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC purchased a new position in Rollins, Inc. (NYSE:ROL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,339 shares of the business services provider’s stock, valued at approximately $754,000.
Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of Rollins by 1,223.2% in the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after buying an additional 4,159 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Rollins by 243.6% in the 3rd quarter. Toronto Dominion Bank now owns 4,144 shares of the business services provider’s stock worth $191,000 after buying an additional 2,938 shares during the last quarter. Hengehold Capital Management LLC purchased a new stake in shares of Rollins in the 3rd quarter worth approximately $202,000. Clinton Group Inc. purchased a new stake in shares of Rollins in the 2nd quarter worth approximately $217,000. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Rollins in the 2nd quarter worth approximately $221,000. Institutional investors own 37.54% of the company’s stock.
ROL has been the topic of several recent research reports. KeyCorp restated a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. Zacks Investment Research downgraded 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 an average price target of $44.67.
Shares of Rollins, Inc. (NYSE:ROL) opened at $46.45 on Friday. Rollins, Inc. has a 52 week low of $32.82 and a 52 week high of $48.29. The company has a market capitalization of $10,216.50, a price-to-earnings ratio of 56.47 and a beta of 0.28.
Rollins (NYSE:ROL) last issued its earnings results 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). Rollins had a net margin of 11.15% and a return on equity of 29.60%. The business had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. analysts expect that Rollins, Inc. will post 0.85 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a yield of 1.04%. Rollins’s dividend payout ratio is 54.76%.
In other Rollins news, Vice Chairman Gary W. Rollins bought 2,180 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $45.84 per share, for a total transaction of $99,931.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 56.30% of the company’s stock.
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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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