Vestcor Inc Purchases 39,084 Shares of Rollins, Inc. $ROL

Vestcor Inc increased its holdings in shares of Rollins, Inc. (NYSE:ROLFree Report) by 82.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,669 shares of the business services provider’s stock after buying an additional 39,084 shares during the period. Vestcor Inc’s holdings in Rollins were worth $5,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP boosted its position in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. boosted 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 purchasing an additional 375 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

NYSE:ROL opened at $47.18 on Friday. Rollins, Inc. has a 52-week low of $44.43 and a 52-week high of $66.14. The company has a market cap of $22.72 billion, a P/E ratio of 43.29, a P/E/G ratio of 2.90 and a beta of 0.73. The stock’s 50-day simple moving average is $53.11 and its 200 day simple moving average is $57.64. 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:ROLGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.

More Rollins News

Here are the key news stories impacting Rollins this week:

Analyst Ratings Changes

Several research analysts have recently issued reports on ROL shares. UBS Group raised their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. Bank of America started coverage on Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective on the stock. Finally, Morgan Stanley set a $70.00 price objective on Rollins in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Read Our Latest Research Report on ROL

About Rollins

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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