ETRADE Capital Management LLC raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,003 shares of the business services provider’s stock after purchasing an additional 2,762 shares during the period. ETRADE Capital Management LLC’s holdings in Rollins were worth $904,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ROL. Norges Bank acquired a new position in shares of Rollins during the fourth quarter worth $51,560,000. Renaissance Technologies LLC acquired a new position in shares of Rollins in the 4th quarter valued at $38,473,000. BlackRock Inc. increased its position in shares of Rollins by 4.1% in the 1st quarter. BlackRock Inc. now owns 11,318,329 shares of the business services provider’s stock valued at $409,043,000 after acquiring an additional 441,732 shares during the period. Blair William & Co. IL increased its position in shares of Rollins by 49.3% in the 4th quarter. Blair William & Co. IL now owns 1,025,458 shares of the business services provider’s stock valued at $34,004,000 after acquiring an additional 338,525 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 21.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,518,997 shares of the business services provider’s stock valued at $50,369,000 after acquiring an additional 268,384 shares during the period. 40.75% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ROL opened at $38.64 on Friday. Rollins, Inc. has a one year low of $30.72 and a one year high of $42.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 0.73. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 53.67 and a beta of 0.38. The firm’s fifty day moving average is $38.71 and its two-hundred day moving average is $36.93.
Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Rollins had a net margin of 9.76% and a return on equity of 29.44%. The company had revenue of $487.90 million for the quarter, compared to analyst estimates of $477.43 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts predict that Rollins, Inc. will post 0.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, May 8th. Rollins’s payout ratio is 43.84%.
Several research firms recently issued reports on ROL. William Blair reissued an “outperform” rating on shares of Rollins in a research report on Wednesday, January 29th. Royal Bank of Canada reissued a “hold” rating and issued a $37.00 target price on shares of Rollins in a research report on Wednesday, April 22nd. Finally, Buckingham Research upped their target price on Rollins from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $37.40.
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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