Huntington National Bank Raises Stake in Rollins, Inc. (ROL)
Huntington National Bank increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 133.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the business services provider’s stock after buying an additional 3,130 shares during the period. Huntington National Bank’s holdings in Rollins were worth $223,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in ROL. TrimTabs Asset Management LLC increased its position in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,728 shares during the period. First Quadrant L P CA boosted its stake in Rollins by 909.7% in the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock worth $157,000 after buying an additional 3,475 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock worth $157,000 after buying an additional 1,696 shares in the last quarter. Blair William & Co. IL bought a new stake in Rollins during the first quarter worth about $210,000. Finally, Glen Harbor Capital Management LLC boosted its stake in Rollins by 67.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,808 shares of the business services provider’s stock worth $216,000 after buying an additional 2,332 shares in the last quarter. 37.97% of the stock is owned by hedge funds and other institutional investors.
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Rollins, Inc. (NYSE:ROL) traded down 0.50% during trading on Wednesday, reaching $44.09. The company’s stock had a trading volume of 566,441 shares. Rollins, Inc. has a 1-year low of $27.38 and a 1-year high of $44.32. The company’s 50-day moving average is $41.86 and its 200-day moving average is $39.07. The company has a market capitalization of $9.61 billion, a P/E ratio of 52.93 and a beta of 0.29.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The firm had revenue of $433.56 million for the quarter, compared to the consensus estimate of $436.81 million. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Rollins, Inc. will post $0.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, August 8th. Rollins’s dividend payout ratio is 55.42%.
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ROL has been the topic of a number of research reports. BidaskClub lowered Rollins from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Instinet raised their price objective on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Nomura reiterated a “buy” rating and set a $40.00 price target on shares of Rollins in a report on Thursday, April 27th. Finally, Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Saturday, July 29th.
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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