New Mexico Educational Retirement Board acquired a new stake in Rollins, Inc. (NYSE:ROL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 23,700 shares of the business services provider’s stock, valued at approximately $1,103,000.
Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Rollins by 34.3% in the third quarter. Wells Fargo & Company MN now owns 155,766 shares of the business services provider’s stock valued at $7,187,000 after buying an additional 39,813 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Rollins by 113.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,323 shares of the business services provider’s stock valued at $384,000 after buying an additional 4,417 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Rollins in the third quarter valued at about $521,000. Advisor Group Inc. boosted its stake in Rollins by 31.4% in the third quarter. Advisor Group Inc. now owns 20,705 shares of the business services provider’s stock valued at $955,000 after buying an additional 4,950 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Rollins by 2.3% in the third quarter. Rhumbline Advisers now owns 318,796 shares of the business services provider’s stock valued at $14,709,000 after buying an additional 7,229 shares in the last quarter. 37.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO John F. Wilson sold 20,000 shares of Rollins stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $50.09, for a total transaction of $1,001,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Gary W. Rollins acquired 2,180 shares of the stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of $45.84 per share, with a total value of $99,931.20. The disclosure for this purchase can be found here. Company insiders own 56.30% of the company’s stock.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, January 24th. The business services provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. Rollins had a return on equity of 29.76% and a net margin of 10.70%. The firm had revenue of $414.70 million for the quarter, compared to analyst estimates of $412.08 million. During the same period last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts anticipate that Rollins, Inc. will post 1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, February 8th. Rollins’s dividend payout ratio (DPR) is presently 64.37%.
ROL has been the topic of several research analyst reports. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Saturday, January 27th. KeyCorp reissued a “hold” rating on shares of Rollins in a research note on Sunday, October 29th. Finally, William Blair began coverage on Rollins in a research note on Monday, January 29th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.67.
Rollins Company Profile
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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