Victory Capital Management Inc. Boosts Holdings in Rollins, Inc. (NYSE:ROL)

Victory Capital Management Inc. lifted its stake in Rollins, Inc. (NYSE:ROL – Get Rating) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,762 shares of the business services provider’s stock after buying an additional 52,033 shares during the period. Victory Capital Management Inc.’s holdings in Rollins were worth $7,599,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Rollins by 2.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,871 shares of the business services provider’s stock worth $342,000 after purchasing an additional 258 shares during the period. Westpac Banking Corp boosted its stake in Rollins by 2.0% during the 4th quarter. Westpac Banking Corp now owns 15,402 shares of the business services provider’s stock worth $563,000 after purchasing an additional 298 shares during the period. Quadrant Capital Group LLC boosted its stake in Rollins by 22.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,813 shares of the business services provider’s stock worth $63,000 after purchasing an additional 331 shares during the period. FCF Advisors LLC boosted its stake in Rollins by 2.3% during the 4th quarter. FCF Advisors LLC now owns 15,177 shares of the business services provider’s stock worth $555,000 after purchasing an additional 337 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Rollins by 0.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 126,839 shares of the business services provider’s stock worth $4,635,000 after purchasing an additional 342 shares during the period. 38.98% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Down 1.2 %

Shares of NYSE ROL opened at $39.44 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Rollins, Inc. has a 52 week low of $31.43 and a 52 week high of $43.06. The firm has a 50-day moving average price of $39.46 and a 200 day moving average price of $38.14. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 51.22 and a beta of 0.66.

Rollins (NYSE:ROL – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $643.78 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Rollins, Inc. will post 0.85 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, May 9th. Rollins’s payout ratio is currently 67.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROL. Stifel Nicolaus increased their price target on shares of Rollins from $37.00 to $40.00 in a research note on Friday, April 28th. StockNews.com began coverage on shares of Rollins in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Redburn Partners began coverage on shares of Rollins in a research note on Wednesday, February 1st. They issued a “buy” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.40.

Insiders Place Their Bets

In other Rollins news, Vice Chairman John F. Wilson sold 40,499 shares of Rollins stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $42.45, for a total transaction of $1,719,182.55. Following the completion of the transaction, the insider now owns 743,992 shares in the company, valued at $31,582,460.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.70% of the stock is currently owned by company insiders.

Rollins Profile

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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.