WINTON GROUP Ltd Purchases New Shares in Rollins, Inc. $ROL

WINTON GROUP Ltd purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 86,700 shares of the business services provider’s stock, valued at approximately $3,619,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Rollins in the 2nd quarter valued at about $1,204,334,000. California State Teachers Retirement System increased its position in shares of Rollins by 5,022.4% during the second quarter. California State Teachers Retirement System now owns 20,917,333 shares of the business services provider’s stock worth $873,089,000 after acquiring an additional 20,508,985 shares during the last quarter. State Street Corp increased its position in shares of Rollins by 4.7% during the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after acquiring an additional 626,866 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ROL shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $45.00 price target (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Barclays set a $45.00 price objective on Rollins and gave the stock an “overweight” rating in a report on Friday, July 24th. Argus lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wells Fargo & Company cut Rollins from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $46.00 to $32.00 in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

Shares of NYSE:ROL opened at $34.52 on Friday. The company has a market cap of $16.61 billion, a PE ratio of 31.38, a P/E/G ratio of 3.72 and a beta of 0.74. Rollins, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $66.14. The firm has a 50-day simple moving average of $38.93 and a 200 day simple moving average of $47.64. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, August 10th. Rollins’s dividend payout ratio is presently 66.36%.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.