Fifth Third Bancorp increased its position in Rollins, Inc. (NYSE:ROL – Free Report) by 1,457.5% in the first quarter, Holdings Channel.com reports. The firm owned 334,979 shares of the business services provider’s stock after acquiring an additional 313,472 shares during the period. Fifth Third Bancorp’s holdings in Rollins were worth $17,891,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new stake in shares of Rollins during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its stake in shares of Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Rollins in the fourth quarter valued at approximately $30,000. Torren Management LLC acquired a new position in Rollins in the fourth quarter valued at approximately $36,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Rollins in the fourth quarter valued at approximately $43,000. 51.79% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on ROL shares. UBS Group lifted their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Morgan Stanley cut their target price on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.71.
Rollins Trading Up 1.0%
ROL opened at $44.93 on Tuesday. The firm’s fifty day moving average is $47.97 and its two-hundred day moving average is $54.80. The firm has a market cap of $21.63 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. Rollins, Inc. has a twelve month low of $41.50 and a twelve month high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.
Rollins (NYSE:ROL – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Rollins, Inc. will post 1.25 EPS for the current year.
Rollins Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s payout ratio is currently 66.97%.
About Rollins
Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.
Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.
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