Crossmark Global Holdings Inc. grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,612 shares of the business services provider’s stock after purchasing an additional 2,450 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rollins were worth $773,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. First Manhattan Co. purchased a new stake in shares of Rollins during the 4th quarter valued at $185,000. Toronto Dominion Bank increased its holdings in Rollins by 243.6% in the 3rd quarter. Toronto Dominion Bank now owns 4,144 shares of the business services provider’s stock worth $191,000 after acquiring an additional 2,938 shares during the last quarter. Hengehold Capital Management LLC purchased a new stake in Rollins in the 3rd quarter worth about $202,000. Achmea Investment Management B.V. purchased a new stake in Rollins in the 2nd quarter worth about $221,000. Finally, Wolverine Trading LLC purchased a new stake in Rollins in the 3rd quarter worth about $232,000. 37.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Rollins, Inc. (NYSE ROL) opened at $49.89 on Friday. Rollins, Inc. has a twelve month low of $35.51 and a twelve month high of $51.78. The firm has a market capitalization of $10,626.29, a PE ratio of 60.84 and a beta of 0.22.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.56 annualized dividend and a yield of 1.12%. This is a positive change from Rollins’s previous quarterly dividend of $0.12. Rollins’s dividend payout ratio (DPR) is 68.29%.
Several brokerages recently weighed in on ROL. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Saturday, January 27th. William Blair began coverage on Rollins in a report on Monday, January 29th. They issued an “outperform” rating for the company. Finally, KeyCorp reissued a “hold” rating on shares of Rollins in a report on Sunday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Rollins presently has a consensus rating of “Buy” and a consensus price target of $47.67.
In other news, Vice Chairman Gary W. Rollins acquired 2,180 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was bought at an average price of $45.84 per share, with a total value of $99,931.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 56.30% of the company’s stock.
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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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