Rollins, Inc. $ROL Position Increased by Eventide Asset Management LLC

Eventide Asset Management LLC raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 739,746 shares of the business services provider’s stock after buying an additional 20,699 shares during the period. Eventide Asset Management LLC owned about 0.15% of Rollins worth $44,425,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service boosted its holdings in Rollins by 138.3% during the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after buying an additional 29,758 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in Rollins in the 3rd quarter worth approximately $1,739,000. Jefferies Financial Group Inc. boosted its stake 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 purchasing an additional 68,647 shares during the period. Nordea Investment Management AB boosted its stake in Rollins by 52.1% in the 4th quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock worth $51,363,000 after purchasing an additional 292,062 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Rollins by 62.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after purchasing an additional 594,735 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ROL. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. Wells Fargo & Company decreased 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. Bank of America began coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Rollins Trading Up 0.1%

Shares of NYSE:ROL opened at $47.10 on Friday. The firm has a fifty day moving average of $52.53 and a two-hundred day moving average of $57.22. The firm has a market capitalization of $22.68 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. Rollins, Inc. has a 12-month low of $44.43 and a 12-month 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.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $906.42 million for 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. On average, equities analysts expect that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 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.