Tompkins Financial Corp Cuts Position in Rollins, Inc. (NYSE:ROL)
Tompkins Financial Corp trimmed its stake in Rollins, Inc. (NYSE:ROL) by 25.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,147 shares of the business services provider’s stock after selling 393 shares during the quarter. Tompkins Financial Corp’s holdings in Rollins were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROL. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Rollins by 8.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 140,555 shares of the business services provider’s stock valued at $5,958,000 after purchasing an additional 10,816 shares in the last quarter. Alliancebernstein L.P. grew its stake in Rollins by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 281,869 shares of the business services provider’s stock valued at $9,347,000 after purchasing an additional 3,594 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Rollins by 42.7% during the 1st quarter. JPMorgan Chase & Co. now owns 116,014 shares of the business services provider’s stock valued at $4,193,000 after acquiring an additional 34,704 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Rollins by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 233,183 shares of the business services provider’s stock worth $9,885,000 after purchasing an additional 29,303 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Rollins by 5.1% during the first quarter. BNP Paribas Arbitrage SA now owns 163,032 shares of the business services provider’s stock worth $5,892,000 after purchasing an additional 7,902 shares during the last quarter. 40.77% of the stock is owned by institutional investors and hedge funds.
Separately, Royal Bank of Canada increased their target price on Rollins from $50.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.20.
Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $553.30 million for the quarter, compared to analyst estimates of $542.03 million. Rollins had a return on equity of 29.41% and a net margin of 10.15%. Rollins’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. Analysts anticipate that Rollins, Inc. will post 0.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.32 annualized dividend and a yield of 0.61%. Rollins’s dividend payout ratio (DPR) is presently 43.84%.
Rollins Company Profile
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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