Intech Investment Management LLC Lowers Stock Position in Rollins, Inc. $ROL

Intech Investment Management LLC cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 42.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,740 shares of the business services provider’s stock after selling 37,615 shares during the period. Intech Investment Management LLC’s holdings in Rollins were worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ROL. Cornerstone Planning Group LLC boosted its position in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. Board of the Pension Protection Fund purchased a new stake in Rollins during the 4th quarter worth $30,000. Torren Management LLC purchased a new stake in Rollins during the 4th quarter worth $36,000. Geneos Wealth Management Inc. boosted its position in Rollins by 75.8% during the 1st 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. Finally, MUFG Securities EMEA plc purchased a new stake in Rollins during the 2nd quarter worth $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROL has been the subject of a number of research reports. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $52.00 in a research report on Friday. UBS Group boosted their price objective on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. Finally, Morgan Stanley set a $70.00 price objective on shares of Rollins in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Rollins Stock Performance

Shares of ROL stock opened at $44.98 on Wednesday. Rollins, Inc. has a 12 month low of $44.63 and a 12 month high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $21.66 billion, a P/E ratio of 41.27, a P/E/G ratio of 2.85 and a beta of 0.73. The company’s fifty day moving average price is $53.68 and its two-hundred day moving average price is $57.97.

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. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio is 66.97%.

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.