Conestoga Capital Advisors LLC Has $62.91 Million Holdings in Rollins, Inc. $ROL

Conestoga Capital Advisors LLC boosted its stake in Rollins, Inc. (NYSE:ROL) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 1,177,963 shares of the business services provider’s stock after acquiring an additional 47,608 shares during the period. Rollins accounts for about 1.3% of Conestoga Capital Advisors LLC’s holdings, making the stock its 28th biggest position. Conestoga Capital Advisors LLC’s holdings in Rollins were worth $62,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $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% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP increased its stake in Rollins by 185.0% during the 2nd 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 and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.1%

NYSE:ROL opened at $42.19 on Thursday. The stock has a 50-day simple moving average of $49.85 and a 200 day simple moving average of $55.71. Rollins, Inc. has a 52-week low of $41.50 and a 52-week high of $66.14. The company has a market cap of $20.31 billion, a PE ratio of 38.71, a PEG ratio of 2.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $906.42 million for 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 business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, sell-side analysts expect that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: The USDA said it will fund $500 million to fast-track fertilizer plants and boost domestic production, which could be a constructive macro signal for agriculture-related demand. USDA to Fund $500 Million to ‘Fast Track’ Fertilizer Plants
• Neutral Sentiment: Several articles reference “Rollins” in the context of USDA Secretary Brooke Rollins, but these are not about Rollins, Inc. and should have little direct impact on the stock. Secretary Rollins discusses US agriculture’s role in Iran plan
• Neutral Sentiment: Other “Rollins” headlines are about WWE’s Seth Rollins and wrestling storylines, which are unrelated to Rollins, Inc. WWE Raw results and grades for June 29: Brock Lesnar vs. Oba Femi, Roman Reigns vs. Seth Rollins set

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROL. UBS Group raised their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Wells Fargo & Company set a $46.00 price objective on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.07.

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.