Twinbeech Capital LP Has $6.47 Million Holdings in Rollins, Inc. (NYSE:ROL)

Twinbeech Capital LP grew its stake in Rollins, Inc. (NYSE:ROL) by 43.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 139,677 shares of the business services provider’s stock after buying an additional 42,579 shares during the quarter. Twinbeech Capital LP’s holdings in Rollins were worth $6,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after buying an additional 1,282,508 shares during the period. Invesco Ltd. boosted its holdings in shares of Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock valued at $197,778,000 after buying an additional 617,876 shares during the period. Norges Bank acquired a new position in shares of Rollins in the fourth quarter valued at approximately $176,784,000. Northern Trust Corp boosted its holdings in Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock worth $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,180 shares of company stock valued at $1,155,943 over the last ninety days. 4.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROL shares. Royal Bank of Canada increased their target price on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Morgan Stanley increased their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Thursday, April 24th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and a consensus target price of $55.57.

Rollins Stock Performance

NYSE ROL opened at $57.41 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average price is $54.43 and its two-hundred day moving average price is $51.07. Rollins, Inc. has a 1 year low of $45.00 and a 1 year high of $57.45. The firm has a market capitalization of $27.82 billion, a P/E ratio of 59.80 and a beta of 0.79.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, May 12th. Rollins’s payout ratio is presently 66.67%.

About Rollins

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.