USS Investment Management Ltd Raises Stake in Rollins, Inc. $ROL

USS Investment Management Ltd grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 41.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,008,100 shares of the business services provider’s stock after purchasing an additional 584,259 shares during the period. USS Investment Management Ltd owned approximately 0.42% of Rollins worth $120,516,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in shares of Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Rollins during the 4th quarter worth $30,000. Torren Management LLC purchased a new stake in shares of Rollins during the 4th quarter worth $36,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Rollins during the 4th quarter worth $43,000. Finally, Quarry LP boosted its position in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after purchasing an additional 450 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROL has been the topic of several research analyst reports. Loop Capital started coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Weiss Ratings downgraded Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, UBS Group lifted their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average target price of $64.00.

Rollins Trading Down 0.2%

NYSE:ROL opened at $47.10 on Monday. The company has a market capitalization of $22.68 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 52-week low of $44.43 and a 52-week high of $66.14. The stock has a fifty day simple moving average of $52.53 and a 200-day simple moving average of $57.20.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities research analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.5%. Rollins’s payout ratio is presently 66.97%.

Rollins 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.