Rollins, Inc. (ROL) Shares Bought by D.A. Davidson & CO.
D.A. Davidson & CO. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 118.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,036 shares of the business services provider’s stock after purchasing an additional 4,907 shares during the quarter. D.A. Davidson & CO.’s holdings in Rollins were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. First Hawaiian Bank grew its position in shares of Rollins by 237.8% during the fourth quarter. First Hawaiian Bank now owns 2,027 shares of the business services provider’s stock worth $73,000 after purchasing an additional 1,427 shares in the last quarter. Hanseatic Management Services Inc. grew its position in shares of Rollins by 10,262.5% during the fourth quarter. Hanseatic Management Services Inc. now owns 2,487 shares of the business services provider’s stock worth $90,000 after purchasing an additional 2,463 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Rollins during the third quarter worth about $117,000. Flagship Harbor Advisors LLC grew its position in shares of Rollins by 48.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,864 shares of the business services provider’s stock worth $175,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Rollins during the fourth quarter worth about $198,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on ROL shares. William Blair reiterated a “buy” rating on shares of Rollins in a research report on Friday, December 7th. Nomura reiterated a “buy” rating and set a $46.00 target price on shares of Rollins in a research report on Monday, January 28th. Zacks Investment Research cut Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine cut Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Buckingham Research raised their price target on Rollins from $33.33 to $37.33 and gave the company a “neutral” rating in a report on Monday, October 29th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rollins presently has an average rating of “Hold” and a consensus price target of $39.00.
Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, January 23rd. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $444.62 million for the quarter, compared to analysts’ expectations of $446.61 million. Rollins had a net margin of 12.72% and a return on equity of 33.03%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. As a group, equities research analysts expect that Rollins, Inc. will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be issued a $0.105 dividend. This is a boost from Rollins’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, February 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.11%. Rollins’s payout ratio is 52.11%.
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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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