TD Asset Management Inc. Increases Stake in Rollins, Inc. (ROL)

TD Asset Management Inc. grew its position in shares of Rollins, Inc. (NYSE:ROL) by 208.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 427,343 shares of the business services provider’s stock after acquiring an additional 288,866 shares during the period. TD Asset Management Inc.’s holdings in Rollins were worth $15,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank lifted its holdings in Rollins by 237.8% in the 4th 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 during the last quarter. Hanseatic Management Services Inc. lifted its holdings in Rollins by 10,262.5% in the 4th 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 during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Rollins by 69.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,919 shares of the business services provider’s stock worth $105,000 after purchasing an additional 1,199 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in Rollins in the 3rd quarter worth approximately $117,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in Rollins by 48.8% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 27.77% of the company’s stock.

NYSE ROL traded up $0.20 during trading on Monday, hitting $38.06. The company’s stock had a trading volume of 5,743 shares, compared to its average volume of 1,588,590. The company has a market cap of $12.39 billion, a P/E ratio of 53.57, a P/E/G ratio of 4.84 and a beta of 0.47. Rollins, Inc. has a 52 week low of $29.81 and a 52 week high of $42.95.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, January 23rd. The business services provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The business had revenue of $444.62 million during the quarter, compared to the consensus estimate of $446.61 million. Rollins had a return on equity of 33.03% and a net margin of 12.72%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 0.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a $0.105 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 8th. Rollins’s payout ratio is currently 59.15%.

ROL has been the subject of several analyst reports. Zacks Investment Research lowered Rollins from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 12th. Buckingham Research boosted their target price on Rollins from $33.33 to $37.33 and gave the stock a “neutral” rating in a report on Monday, October 29th. ValuEngine upgraded Rollins from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. William Blair restated a “buy” rating on shares of Rollins in a report on Friday, December 7th. Finally, Nomura restated a “buy” rating and issued a $46.00 target price on shares of Rollins in a report on Monday, January 28th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rollins has an average rating of “Hold” and a consensus price target of $39.00.

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Rollins Company Profile

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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