Symmetry Partners LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,623 shares of the business services provider’s stock, valued at approximately $205,000.
Other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of Rollins during the second quarter valued at about $29,000. Federated Hermes Inc. acquired a new position in shares of Rollins during the second quarter valued at about $40,000. Fred Alger Management LLC acquired a new position in shares of Rollins during the third quarter valued at about $41,000. Ronald Blue Trust Inc. acquired a new position in shares of Rollins during the second quarter valued at about $43,000. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Rollins during the third quarter valued at about $44,000. 38.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ROL has been the topic of several recent analyst reports. Redburn Partners initiated coverage on shares of Rollins in a report on Wednesday, February 1st. They set a “buy” rating and a $62.00 price objective on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.
Insider Buying and Selling
Rollins Price Performance
Shares of NYSE:ROL opened at $36.07 on Friday. Rollins, Inc. has a twelve month low of $31.43 and a twelve month high of $43.06. The company’s 50 day moving average is $35.93 and its 200 day moving average is $37.16. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.03. The company has a market cap of $17.77 billion, a PE ratio of 48.74 and a beta of 0.65.
Rollins (NYSE:ROL – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The company had revenue of $661.40 million for the quarter, compared to the consensus estimate of $661.44 million. During the same quarter in the prior year, the company earned $0.14 EPS. Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Rollins, Inc. will post 0.8 EPS for the current year.
Rollins Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were issued a $0.13 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.52 annualized dividend and a yield of 1.44%. Rollins’s dividend payout ratio (DPR) is presently 70.27%.
Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.
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