Arrowstreet Capital Limited Partnership Purchases 35,129 Shares of Rollins, Inc. $ROL

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,951 shares of the business services provider’s stock after buying an additional 35,129 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.12% of Rollins worth $33,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROL. Caitong International Asset Management Co. Ltd bought a new position in shares of Rollins during the 2nd quarter worth about $30,000. TD Waterhouse Canada Inc. raised its position in Rollins by 58.4% in the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after purchasing an additional 269 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the period. National Pension Service lifted its stake in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the period. Finally, Assetmark Inc. boosted its holdings in Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Monday. Jefferies Financial Group set a $66.00 price target on Rollins and gave the company a “buy” rating in a research report on Monday, November 3rd. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $72.00 in a research note on Friday. Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.42.

Rollins Trading Up 1.7%

Shares of NYSE ROL opened at $61.40 on Friday. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $61.84. The company has a 50-day moving average of $58.34 and a two-hundred day moving average of $57.37. The company has a market cap of $29.75 billion, a PE ratio of 57.38 and a beta of 0.79. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Rollins’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is presently 68.22%.

Insider Activity

In related news, insider Thomas D. Tesh sold 2,395 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $57.77, for a total value of $138,359.15. Following the transaction, the insider owned 34,732 shares in the company, valued at $2,006,467.64. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is owned by company insiders.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.