Cubist Systematic Strategies LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,728 shares of the business services provider’s stock, valued at approximately $2,147,000.
Other hedge funds also recently modified their holdings of the company. Tocqueville Asset Management L.P. increased its position in Rollins by 3.5% during the second quarter. Tocqueville Asset Management L.P. now owns 10,930 shares of the business services provider’s stock worth $445,000 after purchasing an additional 373 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Rollins by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,616 shares of the business services provider’s stock worth $506,000 after buying an additional 202 shares during the period. Banque Pictet & Cie SA grew its stake in Rollins by 37.5% during the second quarter. Banque Pictet & Cie SA now owns 55,000 shares of the business services provider’s stock worth $2,239,000 after buying an additional 15,000 shares during the period. Advantus Capital Management Inc grew its stake in Rollins by 3.1% during the first quarter. Advantus Capital Management Inc now owns 12,283 shares of the business services provider’s stock worth $456,000 after buying an additional 371 shares during the period. Finally, Pictet & Cie Europe SA grew its stake in Rollins by 176.7% during the second quarter. Pictet & Cie Europe SA now owns 41,500 shares of the business services provider’s stock worth $1,689,000 after buying an additional 26,500 shares during the period. 37.33% of the stock is owned by hedge funds and other institutional investors.
Rollins, Inc. (NYSE ROL) traded up 0.26% during midday trading on Monday, reaching $46.99. 38,729 shares of the company’s stock traded hands. Rollins, Inc. has a 52 week low of $28.00 and a 52 week high of $47.06. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 56.41 and a beta of 0.31. The company’s 50-day moving average price is $44.80 and its 200 day moving average price is $41.69.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. On average, equities research analysts expect that Rollins, Inc. will post $0.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, August 8th. Rollins’s payout ratio is presently 55.42%.
In related news, insider John F. Wilson sold 12,876 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total transaction of $574,269.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.30% of the stock is currently owned by company insiders.
Several research firms have issued reports on ROL. BidaskClub downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th.
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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