Optivise Advisory Services LLC Increases Stock Position in Rollins, Inc. $ROL

Optivise Advisory Services LLC lifted its stake in Rollins, Inc. (NYSE:ROL) by 28.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,126 shares of the business services provider’s stock after purchasing an additional 1,120 shares during the quarter. Optivise Advisory Services LLC’s holdings in Rollins were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in Rollins during the 2nd quarter valued at about $30,000. GW&K Investment Management LLC grew its stake in shares of Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares during the period. National Pension Service boosted its stake in Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the period. Finally, HM Payson & Co. bought a new position in Rollins in the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.5%

Rollins stock opened at $58.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The stock has a market capitalization of $28.35 billion, a PE ratio of 54.67 and a beta of 0.69. The business has a 50 day simple moving average of $56.79 and a 200-day simple moving average of $56.77.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.1825 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. This is a boost from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio (DPR) is presently 68.22%.

Analysts Set New Price Targets

ROL has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 target price on shares of Rollins in a research report on Thursday. Jefferies Financial Group set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company set a $63.00 price target on Rollins and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Barclays raised their price objective on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.82.

Rollins Company Profile

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.