New Mexico Educational Retirement Board trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL – Get Rating) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,175 shares of the business services provider’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Rollins were worth $462,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management grew its holdings in Rollins by 103.7% during the fourth quarter. Spire Wealth Management now owns 719 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 366 shares during the period. Confluence Wealth Services Inc. acquired a new position in Rollins during the fourth quarter valued at approximately $32,000. Retirement Planning Co of New England Inc. acquired a new position in Rollins during the fourth quarter valued at approximately $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Rollins during the fourth quarter valued at approximately $51,000. Finally, CWM LLC acquired a new position in Rollins during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.
A number of brokerages recently issued reports on ROL. StockNews.com began coverage on shares of Rollins in a report on Thursday, March 31st. They set a “hold” rating for the company. Royal Bank of Canada raised their price objective on shares of Rollins from $33.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday, April 11th.
Shares of Rollins stock opened at $34.15 on Friday. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 50.97 and a beta of 0.59. The stock’s 50-day moving average is $34.12 and its 200-day moving average is $33.25. Rollins, Inc. has a one year low of $28.50 and a one year high of $40.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.03 and a quick ratio of 0.97.
Rollins (NYSE:ROL – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The business services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $590.70 million for the quarter, compared to analyst estimates of $578.77 million. Rollins had a return on equity of 30.88% and a net margin of 13.33%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. On average, equities analysts expect that Rollins, Inc. will post 0.73 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.17%. Rollins’s dividend payout ratio (DPR) is 59.70%.
Rollins Company Profile (Get Rating)
Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.
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