Stevens Capital Management LP Buys 15,579 Shares of Rollins, Inc. (NYSE:ROL)

Stevens Capital Management LP boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 65.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,210 shares of the business services provider’s stock after acquiring an additional 15,579 shares during the period. Stevens Capital Management LP’s holdings in Rollins were worth $1,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after purchasing an additional 5,041,371 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Rollins by 40.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after purchasing an additional 2,682,017 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Rollins by 18.4% during the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock valued at $149,033,000 after purchasing an additional 620,179 shares during the last quarter. Northern Trust Corp increased its position in Rollins by 10.9% during the 3rd quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock worth $118,172,000 after purchasing an additional 312,274 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Rollins by 19.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,200,424 shares of the business services provider’s stock valued at $82,142,000 after purchasing an additional 363,386 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Up 1.4 %

Shares of Rollins stock traded up $0.63 during trading hours on Friday, reaching $44.90. The company’s stock had a trading volume of 1,688,186 shares, compared to its average volume of 1,958,394. The company has a market capitalization of $21.76 billion, a P/E ratio of 50.76, a P/E/G ratio of 3.38 and a beta of 0.63. The stock’s fifty day simple moving average is $44.46 and its two-hundred day simple moving average is $42.06. Rollins, Inc. has a one year low of $32.19 and a one year high of $47.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.71.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million during the quarter, compared to the consensus estimate of $739.12 million. Rollins had a return on equity of 37.47% and a net margin of 13.94%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. Rollins’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling

In other news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at $625,068.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of Rollins stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the chief financial officer now directly owns 99,078 shares in the company, valued at approximately $4,575,422.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,824 shares of company stock worth $994,558. 4.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROL shares. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley increased their target price on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group initiated coverage on Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 price target on the stock. UBS Group reaffirmed a “neutral” rating and set a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.