The Manufacturers Life Insurance Company Makes New $45.52 Million Investment in Rollins, Inc. $ROL

The Manufacturers Life Insurance Company purchased a new stake in Rollins, Inc. (NYSE:ROLFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,090,688 shares of the business services provider’s stock, valued at approximately $45,525,000. The Manufacturers Life Insurance Company owned 0.23% of Rollins as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. DV Equities LLC bought a new stake in shares of Rollins in the fourth quarter worth $25,000. Cornerstone Planning Group LLC increased its holdings in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 354 shares during the period. Torren Management LLC bought a new position in Rollins during the 4th quarter worth $36,000. Westpac Banking Corp bought a new position in Rollins during the 2nd quarter worth $42,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Rollins during the 4th quarter worth about $43,000. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Raymond James Financial set a $35.00 price target on Rollins in a research report on Thursday, July 23rd. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Barclays set a $45.00 target price on shares of Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, UBS Group restated a “neutral” rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.71.

Read Our Latest Stock Report on Rollins

Rollins Stock Performance

Shares of ROL opened at $36.70 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $40.68 and its two-hundred day simple moving average is $49.65. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14. The stock has a market capitalization of $17.66 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75.

Rollins (NYSE:ROLGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. As a group, analysts predict that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio is presently 66.36%.

Rollins Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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