Northwestern Mutual Wealth Management Co. Buys 44,299 Shares of Rollins, Inc. $ROL

Northwestern Mutual Wealth Management Co. grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 892.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,261 shares of the business services provider’s stock after acquiring an additional 44,299 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Rollins were worth $2,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LRI Investments LLC raised its stake in shares of Rollins by 8.7% during the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 183 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Rollins by 1.2% during the third quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock valued at $1,109,000 after acquiring an additional 222 shares in the last quarter. Keel Point LLC raised its stake in shares of Rollins by 5.4% during the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 238 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Rollins by 3.4% during the third quarter. Brown Brothers Harriman & Co. now owns 7,242 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 238 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of Rollins by 1.9% during the fourth quarter. Greenleaf Trust now owns 12,812 shares of the business services provider’s stock valued at $769,000 after acquiring an additional 239 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of NYSE:ROL opened at $53.48 on Tuesday. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 3.29 and a beta of 0.79. Rollins, Inc. has a 52 week low of $51.95 and a 52 week high of $66.14. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $54.22 and a 200 day moving average of $58.31.

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

Rollins Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.4%. Rollins’s payout ratio is 66.97%.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total value of $842,971.36. Following the transaction, the insider directly owned 55,977 shares of the company’s stock, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on ROL shares. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. Morgan Stanley set a $70.00 price target on shares of Rollins in a research note on Friday, February 13th. Wells Fargo & Company reduced their price objective on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Finally, Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.20.

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.