6,098 Shares in Rollins, Inc. (ROL) Acquired by Magnus Financial Group LLC

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Magnus Financial Group LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,098 shares of the business services provider’s stock, valued at approximately $220,000.

A number of other large investors have also recently modified their holdings of ROL. BlackRock Inc. grew its stake in Rollins by 58.2% during the fourth quarter. BlackRock Inc. now owns 10,373,534 shares of the business services provider’s stock valued at $374,484,000 after acquiring an additional 3,815,622 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Rollins by 3,207.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,105,677 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 2,042,003 shares in the last quarter. Vanguard Group Inc grew its stake in Rollins by 13.6% during the third quarter. Vanguard Group Inc now owns 11,698,763 shares of the business services provider’s stock valued at $709,998,000 after acquiring an additional 1,398,615 shares in the last quarter. Gabelli Funds LLC grew its stake in Rollins by 44.1% during the fourth quarter. Gabelli Funds LLC now owns 3,509,750 shares of the business services provider’s stock valued at $126,702,000 after acquiring an additional 1,073,513 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Rollins by 108.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,704,441 shares of the business services provider’s stock valued at $61,530,000 after acquiring an additional 887,959 shares in the last quarter. 39.42% of the stock is owned by institutional investors.

ROL stock opened at $41.02 on Friday. Rollins, Inc. has a one year low of $32.08 and a one year high of $42.95. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 57.77 and a beta of 0.48.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, January 23rd. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Rollins had a return on equity of 33.03% and a net margin of 12.72%. The company had revenue of $444.62 million during the quarter, compared to analysts’ expectations of $446.61 million. During the same period in the prior year, the firm earned $0.10 EPS. Rollins’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 0.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, February 8th. This is a boost from Rollins’s previous quarterly dividend of $0.09. Rollins’s payout ratio is currently 59.15%.

A number of research firms have commented on ROL. Zacks Investment Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 12th. ValuEngine raised shares of Rollins from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. William Blair reissued a “buy” rating on shares of Rollins in a research note on Friday, December 7th. Finally, Nomura reissued a “buy” rating and issued a $46.00 price target on shares of Rollins in a research note on Monday, January 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Rollins presently has an average rating of “Hold” and a consensus target price of $39.00.

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Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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