Paragon Advisors LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 40.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,162 shares of the business services provider’s stock after purchasing an additional 4,677 shares during the period. Paragon Advisors LLC’s holdings in Rollins were worth $685,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of ROL. Amundi Pioneer Asset Management Inc. increased its position in Rollins by 62.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 223,006 shares of the business services provider’s stock worth $9,281,000 after purchasing an additional 86,010 shares during the last quarter. Victory Capital Management Inc. increased its position in Rollins by 16.0% during the fourth quarter. Victory Capital Management Inc. now owns 241,404 shares of the business services provider’s stock worth $8,005,000 after purchasing an additional 33,331 shares during the last quarter. FMR LLC increased its position in Rollins by 0.3% during the fourth quarter. FMR LLC now owns 326,051 shares of the business services provider’s stock worth $10,811,000 after purchasing an additional 875 shares during the last quarter. Bank of Montreal Can increased its position in Rollins by 11.2% during the fourth quarter. Bank of Montreal Can now owns 93,206 shares of the business services provider’s stock worth $3,090,000 after purchasing an additional 9,365 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Rollins in the fourth quarter worth $472,000. 40.76% of the stock is owned by hedge funds and other institutional investors.
Shares of ROL stock traded up $2.86 on Tuesday, hitting $45.61. The stock had a trading volume of 1,871,701 shares, compared to its average volume of 876,608. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 74.40 and a beta of 0.42. The stock’s 50 day moving average is $41.53 and its 200-day moving average is $38.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.68 and a current ratio of 0.73. Rollins, Inc. has a 52-week low of $30.72 and a 52-week high of $46.95.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business 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 business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities analysts expect that Rollins, Inc. will post 0.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were paid a $0.08 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. Rollins’s dividend payout ratio (DPR) is presently 43.84%.
Separately, Royal Bank of Canada reissued a “hold” rating and issued a $37.00 price objective on shares of Rollins in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus 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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