Eurizon Capital SGR S.p.A. Invests $1.46 Million in Rollins, Inc. $ROL

Eurizon Capital SGR S.p.A. acquired a new position in Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,271 shares of the business services provider’s stock, valued at approximately $1,457,000.

Several other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC increased its position in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after acquiring an additional 918 shares in the last quarter. Woodline Partners LP increased its position in shares of 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 acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 acquiring an additional 375 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of 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 acquiring an additional 239,361 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ROL. Loop Capital began coverage on shares of Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 target price on the stock. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Wells Fargo & Company dropped their target price on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

Rollins Stock Performance

Shares of ROL opened at $44.98 on Wednesday. The company’s 50 day moving average price is $53.68 and its 200 day moving average price is $57.97. Rollins, Inc. has a 52 week low of $44.63 and a 52 week high of $66.14. The company has a market capitalization of $21.66 billion, a PE ratio of 41.27, a PEG ratio of 2.85 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

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

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be given 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 yield of 1.6%. Rollins’s payout ratio is presently 66.97%.

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.