568,747 Shares in Rollins, Inc. $ROL Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 568,747 shares of the business services provider’s stock, valued at approximately $32,089,000. Jupiter Asset Management Ltd. owned approximately 0.12% of Rollins as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Rollins during the second quarter worth $30,000. GW&K Investment Management LLC raised its holdings in shares of Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. National Pension Service boosted its holdings in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after buying an additional 462 shares during the period. Finally, Assetmark Inc. grew its position in shares of Rollins by 587.7% during the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,005 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Tuesday. Canaccord Genuity Group set a $55.00 price target on Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Wells Fargo & Company set a $63.00 price objective on Rollins and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 target price on shares of Rollins in a research note on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $63.42.

Rollins Stock Up 0.0%

ROL opened at $58.54 on Thursday. The stock’s 50 day moving average price is $57.12 and its 200 day moving average price is $56.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market cap of $28.37 billion, a P/E ratio of 54.71 and a beta of 0.72. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $60.35.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 68.22%.

Rollins Company 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.