Rollins, Inc. $ROL Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in Rollins, Inc. (NYSE:ROL) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 942,746 shares of the business services provider’s stock after acquiring an additional 147,675 shares during the quarter. Schroder Investment Management Group owned about 0.19% of Rollins worth $55,169,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Inceptionr LLC boosted its stake in shares of Rollins by 107.9% in the third quarter. Inceptionr LLC now owns 23,293 shares of the business services provider’s stock valued at $1,368,000 after purchasing an additional 12,087 shares during the period. Private Advisor Group LLC increased its stake in Rollins by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 6,419 shares of the business services provider’s stock worth $377,000 after buying an additional 393 shares during the period. Jefferies Financial Group Inc. lifted its holdings in Rollins by 607.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after buying an additional 68,647 shares in the last quarter. Parallel Advisors LLC boosted its position in Rollins by 48.4% in the 3rd quarter. Parallel Advisors LLC now owns 17,312 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 5,649 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Rollins by 4.3% during the third quarter. Natixis Advisors LLC now owns 174,242 shares of the business services provider’s stock valued at $10,235,000 after acquiring an additional 7,166 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. UBS Group set a $65.00 price target on Rollins in a research note on Wednesday, January 21st. Morgan Stanley set a $70.00 price objective on Rollins in a research note on Friday, February 13th. Bank of America began coverage on Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective on the stock. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Finally, Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.08.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 7,538 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the transaction, the chairman directly owned 600,049 shares in the company, valued at approximately $37,959,099.74. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 4,510 shares of Rollins stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $285,302.60. Following the completion of the transaction, the chief executive officer directly owned 328,386 shares of the company’s stock, valued at $20,773,698.36. This trade represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,351 shares of company stock valued at $4,554,785 over the last quarter. Insiders own 4.47% of the company’s stock.

Rollins Stock Down 2.3%

NYSE:ROL opened at $56.23 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.60. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 51.58, a price-to-earnings-growth ratio of 3.55 and a beta of 0.80. Rollins, Inc. has a one year low of $49.73 and a one year high of $66.14. The stock has a 50-day simple moving average of $61.21 and a 200 day simple moving average of $59.24.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 11th. The business services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The firm had revenue of $912.91 million for the quarter, compared to the consensus estimate of $925.08 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were paid a dividend of $0.1825 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.73 annualized dividend and a yield of 1.3%. Rollins’s dividend payout ratio (DPR) is 66.97%.

About Rollins

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.