North Dakota State Investment Board Invests $577,000 in Rollins, Inc. $ROL

North Dakota State Investment Board acquired a new position in Rollins, Inc. (NYSE:ROL) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,617 shares of the business services provider’s stock, valued at approximately $577,000.

Several other institutional investors have also recently made changes to their positions in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after buying an additional 1,620 shares during the period. Empowered Funds LLC grew its position in shares of Rollins by 16.7% during the first 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 in the last quarter. Woodline Partners LP grew its position in shares of Rollins by 40.7% during the first 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. grew its position in shares of Rollins by 75.8% during the first 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, First Trust Advisors LP grew its position in shares of Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company cut their target price on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. UBS Group increased their target price on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada set a $67.00 target price on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.20.

Rollins Stock Performance

NYSE ROL opened at $53.05 on Friday. The stock has a market capitalization of $25.54 billion, a PE ratio of 48.67, a P/E/G ratio of 3.28 and a beta of 0.79. The business has a 50 day simple moving average of $54.32 and a two-hundred day simple moving average of $58.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. Rollins, Inc. has a 1-year low of $51.95 and a 1-year high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, research analysts predict that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the transaction, the insider owned 55,977 shares in the company, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.77% of the stock is owned by insiders.

Rollins 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.