Marsico Capital Management LLC Has $17.89 Million Stock Position in Rollins, Inc. $ROL

Marsico Capital Management LLC grew its stake in Rollins, Inc. (NYSE:ROL) by 93.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 298,075 shares of the business services provider’s stock after purchasing an additional 144,078 shares during the quarter. Marsico Capital Management LLC’s holdings in Rollins were worth $17,890,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ROL. Norges Bank acquired a new position in shares of Rollins in the 4th quarter valued at $244,669,000. Vanguard Group Inc. lifted its stake in shares of Rollins by 4.3% in the 4th 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 period. Bessemer Group Inc. lifted its stake in shares of Rollins by 11,772.1% in the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after purchasing an additional 1,075,264 shares during the period. Select Equity Group L.P. lifted its stake in shares of Rollins by 149.6% in the 2nd 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 purchasing an additional 758,462 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Rollins by 36.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,735,244 shares of the business services provider’s stock valued at $164,169,000 after purchasing an additional 726,017 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Morgan Stanley set a $70.00 price target on Rollins in a research note on Friday, February 13th. Bank of America assumed coverage on Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target on the stock. 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. Finally, Loop Capital started coverage on shares of Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.

Rollins Price Performance

ROL opened at $47.12 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12 month low of $44.43 and a 12 month high of $66.14. The company has a fifty day simple moving average of $52.66 and a 200 day simple moving average of $57.29. The stock has a market cap of $22.68 billion, a P/E ratio of 43.23, a P/E/G ratio of 2.94 and a beta of 0.73.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio is 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.