Retirement Systems of Alabama reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 123,661 shares of the business services provider’s stock after selling 191 shares during the period. Retirement Systems of Alabama’s holdings in Rollins were worth $5,034,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,728 shares in the last quarter. Neuburgh Advisers LLC raised its position in shares of Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,696 shares in the last quarter. First Quadrant L P CA raised its position in shares of Rollins by 909.7% in the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock valued at $157,000 after buying an additional 3,475 shares in the last quarter. Sei Investments Co. raised its position in shares of Rollins by 1,223.2% in the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,159 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in shares of Rollins during the first quarter valued at about $210,000. 37.86% of the stock is currently owned by institutional investors.
Rollins, Inc. (NYSE ROL) opened at 43.65 on Friday. Rollins, Inc. has a 1-year low of $27.95 and a 1-year high of $44.64. The firm has a 50 day moving average of $42.42 and a 200-day moving average of $39.64. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 52.40 and a beta of 0.29.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. Rollins’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts anticipate that Rollins, Inc. will post $0.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, August 8th. Rollins’s payout ratio is 55.42%.
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Several research analysts recently issued reports on the stock. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Saturday, July 29th. Instinet increased their target price on shares of Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Nomura reissued a “buy” rating and set a $40.00 target price on shares of Rollins in a research note on Thursday, April 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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