Rollins, Inc. $ROL Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,163,847 shares of the business services provider’s stock after buying an additional 626,866 shares during the period. Geode Capital Management LLC’s holdings in Rollins were worth $608,256,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares during the period. Board of the Pension Protection Fund acquired a new position in Rollins during the 4th quarter valued at about $30,000. Torren Management LLC acquired a new position in Rollins during the 4th quarter valued at about $36,000. Geneos Wealth Management Inc. increased its stake in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Rollins during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $47.53 on Friday. The firm’s 50 day simple moving average is $53.84 and its 200-day simple moving average is $58.06. The company has a market cap of $22.88 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. Rollins, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate 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%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. As a group, equities research analysts predict that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROL shares. Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $52.00 in a research note on Friday. Loop Capital started coverage on shares of Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Finally, Weiss Ratings cut shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. One 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 company. According to data from MarketBeat, Rollins has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Rollins Company 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.