Principal Financial Group Inc. Has $22.09 Million Stock Position in Rollins, Inc. $ROL

Principal Financial Group Inc. boosted its position in Rollins, Inc. (NYSE:ROLFree Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 413,619 shares of the business services provider’s stock after purchasing an additional 19,977 shares during the period. Principal Financial Group Inc. owned about 0.09% of Rollins worth $22,091,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROL. Vanguard Group Inc. raised its stake in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp boosted its stake in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after acquiring an additional 626,866 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Rollins during the 4th quarter worth approximately $244,669,000. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $43.85 on Wednesday. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 2.75 and a beta of 0.75. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12 month low of $41.50 and a 12 month high of $66.14. The stock’s 50 day moving average is $46.87 and its 200-day moving average is $54.12.

Rollins (NYSE:ROLGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. Equities research analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Analyst Ratings Changes

ROL has been the subject of several research reports. Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research report on Thursday, April 23rd. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group set a $50.00 target price on shares of Rollins in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.87.

Check Out Our Latest Report on ROL

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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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