PNC Financial Services Group Inc. Has $993,000 Stake in Rollins, Inc. (ROL)
PNC Financial Services Group Inc. lifted its position in Rollins, Inc. (NYSE:ROL) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,393 shares of the business services provider’s stock after buying an additional 254 shares during the period. PNC Financial Services Group Inc.’s holdings in Rollins were worth $993,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Amalgamated Bank grew its position in shares of Rollins by 24.8% in the 2nd quarter. Amalgamated Bank now owns 19,249 shares of the business services provider’s stock worth $784,000 after buying an additional 3,825 shares during the last quarter. BlackRock Inc. grew its position in shares of Rollins by 14.7% in the 2nd quarter. BlackRock Inc. now owns 8,686,772 shares of the business services provider’s stock worth $353,638,000 after buying an additional 1,111,350 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Rollins by 2.2% in the 2nd quarter. Nationwide Fund Advisors now owns 163,194 shares of the business services provider’s stock worth $6,644,000 after buying an additional 3,473 shares during the last quarter. Bridgewater Associates LP purchased a new position in shares of Rollins in the 2nd quarter worth approximately $297,000. Finally, Ameriprise Financial Inc. grew its position in shares of Rollins by 2.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 366,599 shares of the business services provider’s stock worth $14,925,000 after buying an additional 9,609 shares during the last quarter. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.
In other Rollins news, insider John F. Wilson sold 12,876 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total value of $574,269.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 56.30% of the company’s stock.
Shares of Rollins, Inc. (NYSE ROL) opened at 47.03 on Tuesday. Rollins, Inc. has a 1-year low of $28.00 and a 1-year high of $47.06. The firm has a market capitalization of $10.25 billion, a PE ratio of 56.46 and a beta of 0.31. The company has a 50-day moving average of $44.90 and a 200-day moving average of $41.85.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Equities research analysts predict 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. Shareholders of record on Thursday, August 10th were paid a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.46 annualized dividend and a yield of 0.98%. Rollins’s dividend payout ratio is currently 55.42%.
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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