Numerai GP LLC Invests $2.88 Million in Rollins, Inc. $ROL

Numerai GP LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,062 shares of the business services provider’s stock, valued at approximately $2,882,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Rollins in the 2nd quarter valued at approximately $218,593,000. Westfield Capital Management Co. LP lifted its position in shares of Rollins by 1,923.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,878,134 shares of the business services provider’s stock worth $105,964,000 after purchasing an additional 1,785,300 shares during the last quarter. Invesco Ltd. grew its stake in shares of Rollins by 41.2% during the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock worth $319,224,000 after purchasing an additional 1,649,676 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Rollins by 4.2% during the third quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider’s stock worth $2,156,949,000 after purchasing an additional 1,480,306 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Rollins by 78.0% in the second quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock valued at $128,788,000 after buying an additional 1,000,185 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 0.2%

ROL opened at $55.02 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 52 week low of $49.73 and a 52 week high of $66.14. The business’s 50 day moving average is $60.88 and its two-hundred day moving average is $59.21. The firm has a market cap of $26.47 billion, a price-to-earnings ratio of 50.47, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $912.91 million during the quarter, compared to analyst estimates of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. Rollins’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were paid a dividend of $0.1825 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. Rollins’s dividend payout ratio is currently 66.97%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROL shares. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the company an “outperform” rating in a research note on Thursday, February 12th. UBS Group set a $65.00 price objective on Rollins in a research report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Bank of America started coverage on Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 target price for the company. Finally, Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $72.00 in a report on Friday, December 5th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.08.

Insider Activity

In other news, insider Thomas D. Tesh sold 887 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $56,111.62. Following the completion of the sale, the insider directly owned 28,344 shares of the company’s stock, valued at approximately $1,793,041.44. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $82,118.81. Following the sale, the chief executive officer owned 327,079 shares of the company’s stock, valued at $20,550,373.57. This trade represents a 0.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,435 shares of company stock worth $4,321,384 over the last 90 days. 4.47% of the stock is owned by corporate insiders.

About Rollins

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.