305,923 Shares in Rollins, Inc. $ROL Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP bought a new position in Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 305,923 shares of the business services provider’s stock, valued at approximately $18,361,000. Rollins comprises approximately 0.9% of Concentric Capital Strategies LP’s holdings, making the stock its 17th biggest holding. Concentric Capital Strategies LP owned 0.06% of Rollins as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. DV Equities LLC bought a new stake in Rollins in the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its position in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in Rollins in the 4th quarter worth approximately $30,000. Torren Management LLC purchased a new position in Rollins in the 4th quarter worth approximately $36,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Rollins in the 4th quarter worth approximately $43,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $45.15 on Thursday. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 2.88 and a beta of 0.73. The stock has a fifty day moving average of $52.07 and a 200 day moving average of $56.88. Rollins, Inc. has a 52 week low of $44.43 and a 52 week high of $66.14. 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 (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $895.17 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were issued a $0.1825 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.6%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Analyst Ratings Changes

A number of equities analysts have commented on ROL shares. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $63.71.

Rollins Company 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.