Rollins, Inc. $ROL Stock Position Increased by Inceptionr LLC

Inceptionr LLC increased its position in Rollins, Inc. (NYSE:ROL) by 107.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,293 shares of the business services provider’s stock after buying an additional 12,087 shares during the quarter. Inceptionr LLC’s holdings in Rollins were worth $1,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after acquiring an additional 1,620 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,005 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Rollins stock opened at $58.34 on Monday. The firm’s 50 day simple moving average is $61.36 and its 200-day simple moving average is $59.26. The company has a market cap of $28.07 billion, a P/E ratio of 53.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. Rollins, Inc. has a fifty-two week low of $49.73 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $912.91 million for the quarter, compared to analyst estimates of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. As a group, equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s payout ratio is 66.97%.

Insider Buying and Selling

In related news, Chairman Gary W. Rollins sold 10,355 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $650,604.65. Following the transaction, the chairman directly owned 5,312,114 shares of the company’s stock, valued at approximately $333,760,122.62. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 5,344 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $335,763.52. Following the completion of the sale, the chairman directly owned 594,705 shares of the company’s stock, valued at approximately $37,365,315.15. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 73,351 shares of company stock valued at $4,554,785. 4.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROL shares. UBS Group set a $65.00 target price on shares of Rollins in a report on Wednesday, January 21st. Bank of America initiated coverage on Rollins in a report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target on the stock. Wells Fargo & Company set a $56.00 price objective on Rollins and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Morgan Stanley set a $70.00 price objective on Rollins in a research note on Friday, February 13th. Finally, Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.08.

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.