Rollins, Inc. $ROL Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd boosted its position in Rollins, Inc. (NYSE:ROL) by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,008,100 shares of the business services provider’s stock after purchasing an additional 584,259 shares during the quarter. USS Investment Management Ltd’s holdings in Rollins were worth $120,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service increased its stake in shares of Rollins by 138.3% during the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Rollins during the 3rd quarter valued at about $1,739,000. Jefferies Financial Group Inc. increased its stake in shares of Rollins by 607.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after acquiring an additional 68,647 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Rollins by 52.1% during the 4th quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock valued at $51,363,000 after acquiring an additional 292,062 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Rollins by 62.3% during the 3rd quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after acquiring an additional 594,735 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Down 0.2%

Shares of NYSE:ROL opened at $47.10 on Monday. 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, Inc. has a 1 year low of $44.43 and a 1 year high of $66.14. The stock has a market capitalization of $22.68 billion, a P/E ratio of 43.21, a PEG ratio of 2.90 and a beta of 0.73. The stock has a 50-day simple moving average of $52.53 and a 200-day simple moving average of $57.20.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.5%. Rollins’s payout ratio is presently 66.97%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROL shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. Bank of America started coverage on shares of Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective for the company. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company dropped 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, UBS Group upped their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

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.