MQS Management LLC Purchases New Stake in Rollins, Inc. $ROL

MQS Management LLC purchased a new stake in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,414 shares of the business services provider’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 purchasing an additional 1,562,241 shares during the last quarter. State Street Corp increased its holdings in shares of Rollins by 1.4% in the third quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock valued at $720,999,000 after purchasing an additional 172,303 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Rollins by 0.5% in the third quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock valued at $169,522,000 after purchasing an additional 15,133 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rollins by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,151,573 shares of the business services provider’s stock valued at $126,383,000 after purchasing an additional 130,321 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Rollins by 3.8% in the third quarter. Legal & General Group Plc now owns 2,048,856 shares of the business services provider’s stock valued at $120,350,000 after purchasing an additional 74,473 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the completion of the transaction, the insider directly owned 55,977 shares in the company, valued at $3,322,794.72. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on ROL. Loop Capital began coverage on Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Wells Fargo & Company cut their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Morgan Stanley set a $70.00 price target on Rollins in a report on Friday, February 13th. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.20.

Rollins Trading Up 0.9%

Shares of Rollins stock opened at $53.48 on Friday. The firm has a market capitalization of $25.75 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 3.26 and a beta of 0.79. Rollins, Inc. has a fifty-two week low of $51.95 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a 50 day moving average of $54.27 and a 200 day moving average of $58.35.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio (DPR) 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.