EULAV Asset Management Purchases 20,000 Shares of Rollins, Inc. $ROL

EULAV Asset Management grew its holdings in Rollins, Inc. (NYSE:ROLFree Report) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 324,697 shares of the business services provider’s stock after buying an additional 20,000 shares during the quarter. EULAV Asset Management’s holdings in Rollins were worth $19,073,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ROL. Vanguard Group Inc. boosted its position in Rollins by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 35,239,976 shares of the business services provider’s stock valued at $1,988,239,000 after acquiring an additional 503,433 shares in the last quarter. State Street Corp grew its stake in shares of Rollins by 2.3% during the 2nd quarter. State Street Corp now owns 12,102,112 shares of the business services provider’s stock valued at $682,801,000 after purchasing an additional 274,105 shares during the period. Geode Capital Management LLC boosted its stake in shares of Rollins by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after acquiring an additional 432,067 shares during the last quarter. Invesco Ltd. grew its stake in shares of Rollins by 41.2% during the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after acquiring an additional 1,649,676 shares during the period. Finally, Norges Bank bought a new stake in Rollins during the second quarter valued at about $218,593,000. Institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $59.40, for a total value of $90,288.00. Following the sale, the chairman owned 607,587 shares in the company, valued at approximately $36,090,667.80. This represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider owned 29,231 shares in the company, valued at $1,755,613.86. This trade represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,707 shares of company stock worth $515,664. Insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ROL. Morgan Stanley upgraded Rollins from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $72.00 in a research report on Wednesday, December 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Wells Fargo & Company boosted their target price on shares of Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Finally, Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.33.

Get Our Latest Stock Analysis on Rollins

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

Rollins Trading Down 0.1%

Shares of Rollins stock opened at $62.08 on Friday. The firm has a market capitalization of $30.09 billion, a price-to-earnings ratio of 58.02 and a beta of 0.79. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The firm’s 50 day simple moving average is $60.05 and its two-hundred day simple moving average is $58.02. Rollins, Inc. has a 12-month low of $46.96 and a 12-month high of $62.72.

Rollins (NYSE:ROLGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

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

Rollins Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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