Amalgamated Bank Increases Position in Rollins, Inc. (NYSE:ROL)

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Amalgamated Bank boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,552 shares of the business services provider’s stock after purchasing an additional 2,143 shares during the period. Amalgamated Bank’s holdings in Rollins were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC raised its stake in Rollins by 10.0% during the first quarter. LPL Financial LLC now owns 13,826 shares of the business services provider’s stock worth $706,000 after purchasing an additional 1,255 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Rollins by 5.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,991 shares of the business services provider’s stock worth $1,276,000 after purchasing an additional 1,396 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Rollins by 4.2% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,542 shares of the business services provider’s stock worth $2,132,000 after purchasing an additional 1,635 shares during the period. Comerica Bank raised its stake in Rollins by 2.1% during the first quarter. Comerica Bank now owns 87,768 shares of the business services provider’s stock worth $4,638,000 after purchasing an additional 1,792 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Rollins by 2.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 84,824 shares of the business services provider’s stock worth $4,329,000 after purchasing an additional 1,898 shares during the period. 38.08% of the stock is currently owned by institutional investors.

Shares of ROL opened at $56.75 on Wednesday. Rollins, Inc. has a 1-year low of $42.82 and a 1-year high of $57.22. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 65.22 and a beta of 0.29.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Rollins had a net margin of 11.36% and a return on equity of 31.66%. The company had revenue of $480.46 million for the quarter, compared to analyst estimates of $470.15 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Rollins’s revenue was up 10.8% on a year-over-year basis. equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 10th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 9th. Rollins’s dividend payout ratio is presently 64.37%.

ROL has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Rollins from a “hold” rating to a “sell” rating in a research note on Saturday, April 21st. Nomura lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Buckingham Research began coverage on shares of Rollins in a research report on Wednesday, May 9th. They set a “neutral” rating and a $50.00 price target for the company. Stifel Nicolaus began coverage on shares of Rollins in a research report on Thursday, May 31st. They set a “hold” rating and a $50.00 price target for the company. Finally, Sidoti began coverage on shares of Rollins in a research report on Wednesday, June 27th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Rollins presently has a consensus rating of “Hold” and an average target price of $55.50.

Rollins 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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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