15,000 Shares in Rollins, Inc. $ROL Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Rollins, Inc. (NYSE:ROL) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 15,000 shares of the business services provider’s stock, valued at approximately $801,000.

A number of other large investors have also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP grew its stake in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of ROL stock opened at $43.41 on Monday. The company has a market cap of $20.90 billion, a P/E ratio of 39.83, a PEG ratio of 2.67 and a beta of 0.75. The business has a 50 day moving average of $49.38 and a two-hundred day moving average of $55.47. Rollins, Inc. has a 52 week low of $41.50 and a 52 week 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 announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. As a group, analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.

Analysts Set New Price Targets

Several brokerages have issued reports on ROL. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the stock a “hold” rating in a report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Wells Fargo & Company set a $46.00 price target on Rollins and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, UBS Group upped their price target on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus price target of $63.07.

About Rollins

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.