Rollins, Inc. (NYSE:ROL) Stock Position Lifted by Prudential PLC

Prudential PLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL – Get Rating) by 328.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,377 shares of the business services provider’s stock after purchasing an additional 19,457 shares during the period. Prudential PLC’s holdings in Rollins were worth $927,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Durable Capital Partners LP acquired a new position in Rollins during the 1st quarter valued at $61,799,000. BlackRock Inc. raised its stake in Rollins by 2.2% during the 3rd quarter. BlackRock Inc. now owns 28,845,724 shares of the business services provider’s stock valued at $1,000,370,000 after purchasing an additional 620,048 shares during the last quarter. Vanguard Group Inc. raised its stake in Rollins by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 25,485,984 shares of the business services provider’s stock valued at $893,283,000 after purchasing an additional 384,126 shares during the last quarter. New York State Common Retirement Fund raised its stake in Rollins by 45.9% during the 3rd quarter. New York State Common Retirement Fund now owns 955,607 shares of the business services provider’s stock valued at $33,140,000 after purchasing an additional 300,782 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Rollins by 966.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 269,508 shares of the business services provider’s stock valued at $9,347,000 after purchasing an additional 244,232 shares during the last quarter. 38.98% of the stock is owned by institutional investors.

Rollins Stock Down 0.8 %

Shares of NYSE:ROL opened at $41.98 on Wednesday. Rollins, Inc. has a one year low of $31.43 and a one year high of $43.06. The company has a 50 day moving average of $38.81 and a 200-day moving average of $38.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 54.52 and a beta of 0.66.

Rollins (NYSE:ROL – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Rollins had a net margin of 13.77% and a return on equity of 31.07%. The firm had revenue of $658.02 million for the quarter, compared to analyst estimates of $643.78 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts forecast that Rollins, Inc. will post 0.85 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 9th. Rollins’s payout ratio is currently 67.53%.

Insider Buying and Selling at Rollins

In other news, Vice Chairman John F. Wilson sold 40,499 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $42.45, for a total value of $1,719,182.55. Following the sale, the insider now owns 743,992 shares of the company’s stock, valued at $31,582,460.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent research reports. Redburn Partners initiated coverage on shares of Rollins in a research note on Wednesday, February 1st. They issued a “buy” rating and a $62.00 price objective for the company. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, May 4th. Finally, Stifel Nicolaus increased their target price on shares of Rollins from $37.00 to $40.00 in a research report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and an average price target of $43.40.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.