Rollins, Inc. $ROL Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in Rollins, Inc. (NYSE:ROL) by 65.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,265 shares of the business services provider’s stock after purchasing an additional 17,546 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Rollins were worth $2,657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Rollins in the 4th quarter worth $30,000. Root Financial Partners LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $31,000. TruNorth Capital Management LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $45,000. First Horizon Corp acquired a new stake in shares of Rollins in the 3rd quarter worth $47,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Rollins in the 2nd quarter worth $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $55.71 on Wednesday. The stock has a 50-day simple moving average of $56.01 and a two-hundred day simple moving average of $58.64. The firm has a market capitalization of $26.82 billion, a P/E ratio of 51.11, a PEG ratio of 3.45 and a beta of 0.84. Rollins, Inc. has a fifty-two week low of $52.32 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the transaction, the insider owned 55,977 shares in the company, valued at $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research reports. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Bank of America initiated coverage on Rollins in a research report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target for the company. Finally, Morgan Stanley set a $70.00 price target on Rollins in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $65.27.

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.