PFG Advisors Purchases 973 Shares of Rollins, Inc. (NYSE:ROL)
PFG Advisors boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,656 shares of the business services provider’s stock after purchasing an additional 973 shares during the period. PFG Advisors’ holdings in Rollins were worth $1,290,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Riverbridge Partners LLC lifted its stake in Rollins by 2.0% in the 2nd quarter. Riverbridge Partners LLC now owns 2,096,058 shares of the business services provider’s stock valued at $75,186,000 after purchasing an additional 40,222 shares during the last quarter. California Public Employees Retirement System lifted its stake in Rollins by 21.8% in the 1st quarter. California Public Employees Retirement System now owns 1,053,169 shares of the business services provider’s stock valued at $43,833,000 after purchasing an additional 188,769 shares during the last quarter. FMR LLC lifted its stake in Rollins by 899.4% in the 4th quarter. FMR LLC now owns 361,341 shares of the business services provider’s stock valued at $13,045,000 after purchasing an additional 325,187 shares during the last quarter. Securian Asset Management Inc lifted its stake in Rollins by 2.1% in the 1st quarter. Securian Asset Management Inc now owns 15,306 shares of the business services provider’s stock valued at $637,000 after purchasing an additional 312 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Rollins by 267.1% in the 1st quarter. Signaturefd LLC now owns 291,385 shares of the business services provider’s stock valued at $12,127,000 after purchasing an additional 212,014 shares during the last quarter. Hedge funds and other institutional investors own 40.64% of the company’s stock.
Several equities research analysts recently issued reports on ROL shares. ValuEngine upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Nomura cut their price objective on shares of Rollins from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Macquarie began coverage on shares of Rollins in a research report on Monday, April 29th. They set a “neutral” rating and a $38.90 price objective for the company. Stifel Nicolaus downgraded shares of Rollins from a “hold” rating to a “sell” rating and cut their price objective for the stock from $36.50 to $25.00 in a research report on Wednesday, June 26th. Finally, Zacks Investment Research upgraded shares of Rollins from a “sell” rating to a “hold” rating and set a $37.00 price objective for the company in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Rollins has a consensus rating of “Hold” and a consensus price target of $35.87.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Rollins had a net margin of 11.99% and a return on equity of 31.43%. The company had revenue of $524.00 million for the quarter, compared to analysts’ expectations of $523.88 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts expect that Rollins, Inc. will post 0.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.42 annualized dividend and a dividend yield of 1.27%. Rollins’s dividend payout ratio is presently 59.15%.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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