Assenagon Asset Management S.A. Grows Position in Rollins, Inc. $ROL

Assenagon Asset Management S.A. raised its position in Rollins, Inc. (NYSE:ROL) by 139.5% in the third quarter, Holdings Channel reports. The fund owned 416,737 shares of the business services provider’s stock after buying an additional 242,699 shares during the period. Assenagon Asset Management S.A.’s holdings in Rollins were worth $24,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. Thrive Wealth Management LLC raised its holdings in shares of Rollins by 2.7% in the 3rd quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 172 shares in the last quarter. City Center Advisors LLC purchased a new position in Rollins in the third quarter valued at $204,000. Aaron Wealth Advisors LLC increased its holdings in Rollins by 155.4% in the third quarter. Aaron Wealth Advisors LLC now owns 9,122 shares of the business services provider’s stock valued at $536,000 after buying an additional 5,550 shares during the last quarter. GAMMA Investing LLC raised its stake in Rollins by 20.7% in the third quarter. GAMMA Investing LLC now owns 15,417 shares of the business services provider’s stock valued at $906,000 after buying an additional 2,647 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Rollins by 3.8% during the 2nd quarter. Corient Private Wealth LLC now owns 482,578 shares of the business services provider’s stock worth $27,227,000 after buying an additional 17,857 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $60.15 on Friday. The stock has a market cap of $29.15 billion, a P/E ratio of 56.21 and a beta of 0.79. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $61.84. The stock has a 50 day moving average of $58.60 and a two-hundred day moving average of $57.53. 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 announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business 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 company posted $0.29 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is currently 68.22%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $58.00 to $72.00 in a report on Wednesday. Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total transaction of $143,113.08. Following the transaction, the insider owned 31,627 shares of the company’s stock, valued at $1,889,080.71. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.47% of the company’s stock.

Rollins Company 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.