Cetera Investment Advisers Has $24.31 Million Stake in Rollins, Inc. $ROL

Cetera Investment Advisers grew its stake in Rollins, Inc. (NYSE:ROL) by 13.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430,947 shares of the business services provider’s stock after purchasing an additional 51,419 shares during the period. Cetera Investment Advisers owned about 0.09% of Rollins worth $24,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in Rollins in the 2nd quarter valued at approximately $30,000. GW&K Investment Management LLC increased its holdings in shares of Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares during the last quarter. National Pension Service boosted its holdings in shares of Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 462 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Rollins by 587.7% during the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,005 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Tuesday, November 11th. Barclays lifted their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. began coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.42.

Rollins Stock Performance

ROL stock opened at $57.91 on Tuesday. The firm has a market cap of $28.07 billion, a PE ratio of 54.12 and a beta of 0.72. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $57.19 and a 200-day moving average price of $56.97. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $60.35.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. As a group, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. Rollins’s payout ratio is 68.22%.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.