Eventide Asset Management LLC Has $35.24 Million Stake in Rollins, Inc. $ROL

Eventide Asset Management LLC boosted its stake in Rollins, Inc. (NYSE:ROL) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,734 shares of the business services provider’s stock after acquiring an additional 30,435 shares during the quarter. Eventide Asset Management LLC owned 0.13% of Rollins worth $35,242,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in shares of Rollins by 145.3% in the first quarter. Townsquare Capital LLC now owns 11,797 shares of the business services provider’s stock valued at $637,000 after purchasing an additional 6,987 shares in the last quarter. Nuveen LLC bought a new position in shares of Rollins during the first quarter worth about $54,685,000. Public Sector Pension Investment Board raised its position in Rollins by 9.2% in the 1st quarter. Public Sector Pension Investment Board now owns 36,976 shares of the business services provider’s stock valued at $1,998,000 after buying an additional 3,112 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Rollins by 3.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 134,691 shares of the business services provider’s stock valued at $7,264,000 after buying an additional 4,669 shares during the last quarter. Finally, Prudential PLC bought a new stake in Rollins in the 1st quarter valued at approximately $205,000. Institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 2,395 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total transaction of $138,359.15. Following the transaction, the insider directly owned 34,732 shares of the company’s stock, valued at approximately $2,006,467.64. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.42.

Rollins Stock Performance

Shares of ROL opened at $59.96 on Friday. The company has a market cap of $29.06 billion, a PE ratio of 56.04 and a beta of 0.79. The firm has a 50-day moving average of $58.43 and a 200-day moving average of $57.45. Rollins, Inc. has a one year low of $45.34 and a one year high of $61.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $0.29 EPS. Rollins’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.1825 dividend. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s payout ratio is 68.22%.

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.