Strategic Global Advisors LLC purchased a new position in Rollins, Inc. (NYSE:ROL – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 52,108 shares of the business services provider’s stock, valued at approximately $3,128,000.
Several other institutional investors and hedge funds also recently modified their holdings of ROL. Norges Bank bought a new position in shares of Rollins in the fourth quarter worth $244,669,000. Vanguard Group Inc. lifted its holdings in shares of Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after buying an additional 1,562,241 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Rollins by 11,772.1% in the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after buying an additional 1,075,264 shares during the period. Select Equity Group L.P. lifted its holdings in shares of Rollins by 149.6% in the second quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock valued at $71,402,000 after buying an additional 758,462 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rollins by 36.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,735,244 shares of the business services provider’s stock valued at $164,169,000 after buying an additional 726,017 shares during the period. Institutional investors own 51.79% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently weighed in on ROL shares. Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the company a “buy” rating in a report on Monday, April 27th. Weiss Ratings lowered Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Bank of America started coverage on Rollins in a report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and issued a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. Finally, UBS Group upped their price objective on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.
Rollins Trading Down 0.2%
Shares of NYSE ROL opened at $47.10 on Monday. Rollins, Inc. has a 12 month low of $44.43 and a 12 month high of $66.14. The company has a market cap of $22.68 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 2.90 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $52.53 and a 200-day simple moving average of $57.20.
Rollins (NYSE:ROL – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same period in the prior year, the business posted $0.22 earnings per share. Rollins’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Rollins, Inc. will post 1.24 EPS for the current year.
Rollins Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is currently 66.97%.
Rollins Profile
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.
Read More
- Five stocks we like better than Rollins
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL – Free Report).
Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.
