Macquarie Group Ltd. trimmed its holdings in Rollins, Inc. (NYSE:ROL – Get Rating) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,118 shares of the business services provider's stock after selling 4,788 shares during the period. Macquarie Group Ltd.'s holdings in Rollins were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Eagle Bay Advisors LLC bought a new position in Rollins in the 2nd quarter valued at $29,000. Federated Hermes Inc. purchased a new stake in Rollins in the 2nd quarter worth $40,000. Ronald Blue Trust Inc. acquired a new stake in shares of Rollins in the second quarter valued at about $43,000. Wipfli Financial Advisors LLC purchased a new position in shares of Rollins during the third quarter worth $44,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Rollins by 72.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,626 shares of the business services provider's stock valued at $57,000 after buying an additional 685 shares during the period. 38.98% of the stock is owned by hedge funds and other institutional investors.
Get Rollins alerts:Rollins Stock Performance
NYSE ROL opened at $34.67 on Monday. The stock has a market cap of $17.07 billion, a PE ratio of 46.85 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.65 and a current ratio of 0.71. Rollins, Inc. has a 52-week low of $31.43 and a 52-week high of $43.06. The firm has a 50-day moving average of $35.99 and a 200-day moving average of $37.13.
Rollins (NYSE:ROL – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $661.40 million during the quarter, compared to the consensus estimate of $661.44 million. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, sell-side analysts anticipate that Rollins, Inc. will post 0.8 EPS for the current year.
Rollins Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, February 9th. Rollins's payout ratio is presently 70.27%.
Insider Activity at Rollins
In other Rollins news, insider Elizabeth B. Chandler sold 2,129 shares of the company's stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $36.57, for a total value of $77,857.53. Following the completion of the sale, the insider now directly owns 96,960 shares of the company's stock, valued at approximately $3,545,827.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 53.10% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ROL. Redburn Partners began coverage on Rollins in a report on Wednesday, February 1st. They issued a "buy" rating and a $62.00 target price on the stock. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, February 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Rollins currently has an average rating of "Hold" and an average price target of $44.25.
Rollins Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Rollins (ROL)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL – Get Rating).
Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.