Element Capital Management LLC Makes New $1.28 Million Investment in Rollins, Inc. $ROL

Element Capital Management LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,287 shares of the business services provider’s stock, valued at approximately $1,278,000.

A number of other large investors have also recently added to or reduced their stakes in the business. DV Equities LLC acquired a new position in shares of Rollins in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in shares of 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 acquiring an additional 354 shares during the period. Board of the Pension Protection Fund acquired a new stake in Rollins in the 4th quarter worth $30,000. Torren Management LLC bought a new position in Rollins during the fourth quarter valued at about $36,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins in the fourth quarter valued at $43,000. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROL has been the topic of several analyst reports. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating and set a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Finally, Loop Capital assumed coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $63.71.

Rollins Price Performance

Shares of ROL stock opened at $45.15 on Thursday. 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 firm has a fifty day moving average of $52.07 and a 200-day moving average of $56.88. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 2.88 and a beta of 0.73.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (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 company had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast 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. Stockholders of record on Monday, May 11th were issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.

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.