Eaton Vance Management held its stake in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,000 shares of the business services provider’s stock at the close of the 2nd quarter. Eaton Vance Management’s holdings in Rollins were worth $2,036,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Neuburgh Advisers LLC lifted its stake in Rollins by 67.1% during the 1st quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 1,696 shares during the period. First Quadrant L P CA lifted its stake in Rollins by 909.7% during the 2nd quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 3,475 shares during the period. Sei Investments Co. lifted its stake in Rollins by 1,223.2% during the 2nd quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 4,159 shares during the period. Blair William & Co. IL acquired a new stake in Rollins during the 1st quarter valued at approximately $210,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Rollins during the 1st quarter valued at approximately $222,000. Institutional investors and hedge funds own 37.33% of the company’s stock.
In related news, insider John F. Wilson sold 12,876 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total transaction of $574,269.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 56.30% of the stock is owned by company insiders.
Rollins, Inc. (NYSE:ROL) opened at 44.19 on Wednesday. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 53.05 and a beta of 0.30. Rollins, Inc. has a 12-month low of $28.00 and a 12-month high of $44.98. The stock’s 50 day moving average is $44.17 and its 200 day moving average is $40.91.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $433.56 million during the quarter, compared to the consensus estimate of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Equities research analysts forecast that Rollins, Inc. will post $0.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 10th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Tuesday, August 8th. Rollins’s dividend payout ratio is presently 55.42%.
Several analysts have commented on the stock. BidaskClub upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Saturday, July 29th. Finally, Instinet lifted their price objective on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, May 25th.
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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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