Commerce Bank cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,972 shares of the business services provider’s stock after selling 6,690 shares during the period. Commerce Bank owned 0.06% of Rollins worth $7,082,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Rollins during the 4th quarter valued at $30,000. Marshall Wace LLP acquired a new position in Rollins during the 4th quarter valued at about $60,000. Citizens Financial Group Inc RI boosted its stake in shares of Rollins by 43.8% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,806 shares of the business services provider’s stock worth $65,000 after buying an additional 550 shares during the last quarter. Parallel Advisors LLC lifted its stake in Rollins by 70.9% in the first quarter. Parallel Advisors LLC now owns 2,145 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 890 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Rollins by 10.7% in the first quarter. Fifth Third Bancorp now owns 3,140 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 40.75% of the company’s stock.
Shares of ROL opened at $38.73 on Friday. The company has a market capitalization of $12.66 billion, a P/E ratio of 62.47 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $38.71 and a 200 day moving average of $36.93. Rollins, Inc. has a twelve month low of $30.72 and a twelve month high of $42.80.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $487.90 million during the quarter, compared to the consensus estimate of $477.43 million. Rollins had a net margin of 9.76% and a return on equity of 29.44%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, sell-side analysts expect that Rollins, Inc. will post 0.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors 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 dividend payout ratio is currently 43.84%.
Several analysts have issued reports on ROL shares. William Blair restated 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 price target on shares of Rollins in a research note on Wednesday, April 22nd. Finally, Buckingham Research increased their price target on shares of Rollins from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Rollins has an average rating of “Hold” and an average target price 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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