D.A. Davidson & CO. Invests $251,000 in Rollins, Inc. (ROL)
D.A. Davidson & CO. purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,129 shares of the business services provider’s stock, valued at approximately $251,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Rollins during the 3rd quarter valued at about $117,000. Fort L.P. bought a new stake in shares of Rollins during the 2nd quarter valued at about $122,000. Flagship Harbor Advisors LLC bought a new stake in shares of Rollins during the 2nd quarter valued at about $174,000. BB&T Corp bought a new stake in shares of Rollins during the 3rd quarter valued at about $207,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of Rollins during the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 38.93% of the company’s stock.
ROL has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $55.00 price target (up previously from $50.00) on shares of Rollins in a research report on Sunday, August 12th. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Gabelli initiated coverage on Rollins in a research report on Monday, September 17th. They set a “hold” rating and a $51.00 price target for the company. Buckingham Research lifted their price target on Rollins from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, October 29th. Finally, ValuEngine upgraded Rollins from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.80.
Rollins’s stock is going to split on the morning of Tuesday, December 11th. The 3-2 split was announced on Tuesday, October 23rd. The newly created shares will be issued to shareholders after the market closes on Monday, December 10th.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $489.64 million. Rollins had a return on equity of 32.90% and a net margin of 11.97%. Rollins’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.95%. Rollins’s dividend payout ratio is 64.37%.
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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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