Bessemer Group Inc. Purchases 794,722 Shares of Rollins, Inc. $ROL

Bessemer Group Inc. raised its position in shares of Rollins, Inc. (NYSE:ROL) by 73.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,879,120 shares of the business services provider’s stock after acquiring an additional 794,722 shares during the period. Bessemer Group Inc.’s holdings in Rollins were worth $100,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $1,663,000 after buying an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its position 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 buying an additional 918 shares in the last quarter. Woodline Partners LP raised its position 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 buying an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $47,000 after acquiring an additional 375 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after acquiring an additional 239,361 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Rollins stock opened at $45.10 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $21.71 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.75. Rollins, Inc. has a 1-year low of $41.50 and a 1-year high of $66.14. The company’s 50-day moving average is $47.21 and its 200 day moving average is $54.39.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. Research analysts forecast that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were issued a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. Rollins’s payout ratio is presently 66.97%.

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: The articles are largely about entertainment and political news, not the pest-control company Rollins, Inc., so they are unlikely to materially affect the stock. Seth Rollins Recalls Clashing Heads With Jamie Noble During Botched Move In A Handicap Match
• Neutral Sentiment: Additional headlines about Seth Rollins, Roman Reigns, and Brooke Rollins do not appear connected to Rollins, Inc.’s operations, earnings, or outlook. Seth Rollins recalls getting knocked loopy after WWE move goes wrong
• Neutral Sentiment: Political and agriculture-related stories mentioning “Rollins” also seem unrelated to the company and should not be a driver of the stock today. Rollins reassures Republicans amid farm aid negotiations

Analyst Ratings Changes

Several research firms recently commented on ROL. Loop Capital started coverage on Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Citigroup started coverage on Rollins in a research report on Wednesday. They set a “neutral” rating and a $46.00 price objective on the stock. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Morgan Stanley cut their target price on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus price target of $60.87.

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.