Prudential PLC Has $12.50 Million Position in Rollins, Inc. $ROL

Prudential PLC raised its stake in Rollins, Inc. (NYSE:ROLFree Report) by 87.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 208,224 shares of the business services provider’s stock after buying an additional 97,317 shares during the period. Prudential PLC’s holdings in Rollins were worth $12,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Rollins by 16.7% in the first 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 during the last quarter. Woodline Partners LP increased its holdings in shares of Rollins by 40.7% in the first 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 during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Rollins by 75.8% in the first 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 last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after purchasing an additional 239,361 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROL has been the topic of several research reports. Weiss Ratings downgraded shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Bank of America initiated coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. UBS Group upped their price target on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average target price of $64.00.

Check Out Our Latest Report on ROL

Rollins Trading Up 1.5%

ROL stock opened at $47.18 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The company’s 50-day simple moving average is $53.11 and its 200 day simple moving average is $57.64. Rollins, Inc. has a 52 week low of $44.43 and a 52 week high of $66.14. The company has a market capitalization of $22.72 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 2.86 and a beta of 0.73.

Rollins (NYSE:ROLGet Free Report) last released its quarterly 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 business had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. Rollins’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

About Rollins

(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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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