Capital Fund Management S.A. Purchases Shares of 43,600 Rollins Inc. (ROL)
Capital Fund Management S.A. bought a new stake in Rollins Inc. (NYSE:ROL) during the second quarter, Holdings Channel reports. The fund bought 43,600 shares of the company’s stock, valued at approximately $1,276,000.
Several other large investors have also recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock valued at $169,000 after buying an additional 2,446 shares in the last quarter. S. Muoio & CO. LLC purchased a new stake in shares of Rollins during the first quarter valued at $203,000. HBK Investments L P purchased a new stake in shares of Rollins during the first quarter valued at $255,000. M&T Bank Corp boosted its stake in shares of Rollins by 3.3% in the first quarter. M&T Bank Corp now owns 11,426 shares of the company’s stock valued at $309,000 after buying an additional 363 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Rollins during the second quarter valued at $427,000. Institutional investors and hedge funds own 35.59% of the company’s stock.
Rollins Inc. (NYSE:ROL) traded down 0.87% on Friday, hitting $28.38. The stock had a trading volume of 350,154 shares. The firm’s 50-day moving average is $28.73 and its 200-day moving average is $28.10. The company has a market cap of $6.20 billion, a P/E ratio of 39.64 and a beta of 0.41. Rollins Inc. has a 52-week low of $23.69 and a 52-week high of $29.71.
Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The company earned $411.10 million during the quarter, compared to analyst estimates of $415.60 million. During the same period in the prior year, the business posted $0.21 EPS. Rollins’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Rollins Inc. will post $0.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Rollins’s dividend payout ratio is presently 54.80%.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Nomura upped their target price on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 7th.
Rollins Company Profile
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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