Penobscot Investment Management Company Inc. increased its position in shares of Rollins, Inc. (NYSE:ROL) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,723 shares of the business services provider’s stock after acquiring an additional 2,715 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Rollins were worth $1,728,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. lifted its stake in shares of Rollins by 227.5% during the third quarter. Vestmark Advisory Solutions Inc. now owns 24,965 shares of the business services provider’s stock valued at $851,000 after acquiring an additional 17,342 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Rollins by 2,219.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,896 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 3,728 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Rollins during the third quarter valued at $97,000. Reilly Herbert Faulkner III increased its holdings in Rollins by 1.4% in the third quarter. Reilly Herbert Faulkner III now owns 172,408 shares of the business services provider’s stock valued at $5,874,000 after purchasing an additional 2,459 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Rollins by 9.7% in the third quarter. Daiwa Securities Group Inc. now owns 5,660 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 500 shares during the last quarter. 42.41% of the stock is currently owned by institutional investors and hedge funds.
ROL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a report on Thursday, October 24th. Stifel Nicolaus upgraded Rollins from a “sell” rating to a “hold” rating and upped their price objective for the company from $28.50 to $34.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada initiated coverage on Rollins in a report on Tuesday, October 8th. They issued a “sector perform” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Rollins presently has an average rating of “Hold” and an average target price of $38.18.
NYSE ROL traded down $0.35 on Monday, reaching $38.33. The company had a trading volume of 12,905 shares, compared to its average volume of 1,332,779. The stock’s 50 day moving average is $35.94 and its 200-day moving average is $35.96. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 54.11 and a beta of 0.34. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. Rollins, Inc. has a 52 week low of $31.36 and a 52 week high of $43.91.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $556.50 million during the quarter, compared to the consensus estimate of $547.92 million. Rollins had a return on equity of 31.20% and a net margin of 10.42%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. As a group, analysts forecast that Rollins, Inc. will post 0.73 EPS for the current year.
The firm also recently declared a None dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 11th will be issued a $0.155 dividend. The ex-dividend date is Thursday, November 7th. Rollins’s dividend payout ratio (DPR) is currently 59.15%.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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