Bowen Hanes & Co. Inc. Takes $22.37 Million Position in Rollins, Inc. $ROL

Bowen Hanes & Co. Inc. bought a new stake in Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 372,645 shares of the business services provider’s stock, valued at approximately $22,366,000.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 354 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Rollins in the 4th quarter valued at $30,000. Torren Management LLC acquired a new position in shares of Rollins in the 4th quarter valued at $36,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins in the 4th quarter valued at $43,000. Finally, Root Financial Partners LLC increased its holdings in shares of Rollins by 47.3% in the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 251 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of ROL opened at $45.75 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market capitalization of $22.03 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.77 and a beta of 0.73. The company’s fifty day moving average is $53.37 and its two-hundred day moving average is $57.80. Rollins, Inc. has a 1 year low of $44.43 and a 1 year high of $66.14.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The company had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the previous year, the company posted $0.22 EPS. Rollins’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s dividend payout ratio is 66.97%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and cut their target price for the company from $70.00 to $52.00 in a report on Friday, May 29th. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Morgan Stanley set a $70.00 price objective on shares of Rollins in a research note on Friday, February 13th. Bank of America started coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.