Eurizon Capital SGR S.p.A. Acquires New Position in Rollins, Inc. $ROL

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,271 shares of the business services provider’s stock, valued at approximately $1,457,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROL. Vanguard Group Inc. grew its position in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after purchasing an additional 1,562,241 shares in the last quarter. Bessemer Group Inc. grew its position in Rollins by 11,772.1% during the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after purchasing an additional 1,075,264 shares in the last quarter. Select Equity Group L.P. lifted its stake in Rollins by 149.6% in the second quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock valued at $71,402,000 after acquiring an additional 758,462 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Rollins by 194.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,009,303 shares of the business services provider’s stock valued at $60,592,000 after acquiring an additional 666,626 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after acquiring an additional 626,866 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE ROL opened at $44.98 on Wednesday. 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 stock has a market capitalization of $21.66 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.73. The company has a 50 day moving average price of $53.68 and a two-hundred day moving average price of $57.97. Rollins, Inc. has a 12-month low of $44.63 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share 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 business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the previous year, the company earned $0.22 earnings per share. Rollins’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed 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 payout ratio is presently 66.97%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. Weiss Ratings cut shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $70.00 to $52.00 in a research note on Friday. Wells Fargo & Company reduced their target price 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, Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.