Patton Fund Management Inc. Has $3.44 Million Position in Rollins, Inc. $ROL

Patton Fund Management Inc. cut its holdings in Rollins, Inc. (NYSE:ROL) by 26.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,449 shares of the business services provider’s stock after selling 22,625 shares during the quarter. Patton Fund Management Inc.’s holdings in Rollins were worth $3,442,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $1,663,000 after purchasing an additional 1,620 shares during the period. Empowered Funds LLC grew its stake in shares of Rollins by 16.7% during the first 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 period. Woodline Partners LP grew its stake in shares of Rollins by 40.7% during the first 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 period. Geneos Wealth Management Inc. increased its holdings in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after purchasing an additional 239,361 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $43.21 on Monday. The company has a market capitalization of $20.81 billion, a PE ratio of 39.65, a PEG ratio of 2.66 and a beta of 0.73. Rollins, Inc. has a 12 month low of $42.61 and a 12 month high of $66.14. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $50.61 and its 200 day simple moving average is $56.06.

Rollins (NYSE:ROL) 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. On average, research analysts predict that Rollins, Inc. will post 1.24 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 issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, May 11th. Rollins’s payout ratio is 66.97%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROL. Wells Fargo & Company set a $46.00 target price on Rollins and gave the company an “equal weight” rating in a research note on Thursday. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Loop Capital assumed coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.07.

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.