Junto Capital Management LP Buys New Holdings in Rollins, Inc. (NYSE:ROL)

Junto Capital Management LP purchased a new position in Rollins, Inc. (NYSE:ROL) during the fourth quarter, Holdings Channel reports. The fund purchased 799,630 shares of the business services provider’s stock, valued at approximately $37,063,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after buying an additional 1,282,508 shares during the last quarter. Invesco Ltd. raised its stake in shares of Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock valued at $197,778,000 after acquiring an additional 617,876 shares during the last quarter. Norges Bank bought a new position in shares of Rollins during the fourth quarter valued at about $176,784,000. Northern Trust Corp grew its stake in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock worth $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,259 shares of company stock worth $1,047,330 over the last three months. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

Shares of ROL stock opened at $56.70 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $53.92 and its 200-day moving average price is $50.67. The stock has a market cap of $27.48 billion, a PE ratio of 59.06 and a beta of 0.79. Rollins, Inc. has a 12 month low of $45.00 and a 12 month high of $57.43.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. On average, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Rollins’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley upped their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Royal Bank of Canada upped their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.57.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.