Arrowstreet Capital Limited Partnership Acquires 35,129 Shares of Rollins, Inc. $ROL

Arrowstreet Capital Limited Partnership raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 595,951 shares of the business services provider’s stock after acquiring an additional 35,129 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Rollins were worth $33,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ROL. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Rollins during the second quarter worth $30,000. TD Waterhouse Canada Inc. boosted its holdings in Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after buying an additional 269 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the period. National Pension Service increased its stake in shares of Rollins by 75.0% in 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 during the last quarter. Finally, Assetmark Inc. raised its position in shares of Rollins by 587.7% in 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 during the period. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 2,395 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total value of $138,359.15. Following the completion of the transaction, the insider directly owned 34,732 shares in the company, valued at $2,006,467.64. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROL. Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $72.00 in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.42.

Rollins Stock Performance

Shares of ROL opened at $61.40 on Friday. The stock has a market capitalization of $29.75 billion, a price-to-earnings ratio of 57.38 and a beta of 0.79. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $61.84. The firm has a fifty day simple moving average of $58.34 and a 200 day simple moving average of $57.37. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32.

Rollins (NYSE:ROL) last issued its quarterly 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. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 1.2%. Rollins’s dividend payout ratio is currently 68.22%.

About Rollins

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.