Norges Bank bought a new position in shares of Rollins, Inc. (NYSE:ROL – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,076,457 shares of the business services provider’s stock, valued at approximately $244,669,000. Norges Bank owned 0.84% of Rollins at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp boosted its stake in Rollins by 1.4% during the third quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock worth $720,999,000 after buying an additional 172,303 shares during the period. Geode Capital Management LLC boosted its stake in Rollins by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after buying an additional 626,866 shares during the period. Northern Trust Corp boosted its stake in Rollins by 0.5% during the third quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock worth $169,522,000 after buying an additional 15,133 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Rollins by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 2,151,573 shares of the business services provider’s stock worth $126,383,000 after buying an additional 130,321 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.
Rollins Trading Down 2.9%
NYSE ROL opened at $44.98 on Wednesday. The firm has a 50 day simple moving average of $53.68 and a 200-day simple moving average of $57.97. 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, Inc. has a one year low of $44.63 and a one year high of $66.14. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.85 and a beta of 0.73.
Rollins Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. Rollins’s dividend payout ratio (DPR) is presently 66.97%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. UBS Group increased their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Bank of America assumed coverage on shares of Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 target price for the company. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Morgan Stanley set a $70.00 target price on shares of Rollins in a research note on Friday, February 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.
Get Our Latest Research Report on ROL
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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