OMERS ADMINISTRATION Corp Boosts Stake in Rollins, Inc. (NYSE:ROL)

OMERS ADMINISTRATION Corp boosted its stake in Rollins, Inc. (NYSE:ROL) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,382 shares of the business services provider’s stock after purchasing an additional 2,031 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Rollins were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock valued at $1,353,000 after buying an additional 2,574 shares in the last quarter. Jefferies Financial Group Inc. grew its position in Rollins by 143.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 125,179 shares of the business services provider’s stock valued at $5,802,000 after acquiring an additional 73,661 shares in the last quarter. Junto Capital Management LP acquired a new position in Rollins in the 4th quarter valued at about $37,063,000. Gen Wealth Partners Inc increased its stake in Rollins by 33.9% during the fourth quarter. Gen Wealth Partners Inc now owns 15,330 shares of the business services provider’s stock worth $711,000 after purchasing an additional 3,881 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Rollins during the fourth quarter worth about $341,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $57.04 on Monday. 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 has a fifty day simple moving average of $54.29 and a 200-day simple moving average of $51.00. The stock has a market cap of $27.64 billion, a P/E ratio of 59.42 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 announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The company had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same period in the previous year, the business earned $0.20 EPS. Rollins’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,180 shares of company stock worth $1,155,943 over the last three months. Insiders own 4.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Morgan Stanley boosted their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada increased their price objective on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.