Rollins, Inc. $ROL Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in Rollins, Inc. (NYSE:ROL) by 71.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,505 shares of the business services provider’s stock after purchasing an additional 16,444 shares during the period. Pacer Advisors Inc.’s holdings in Rollins were worth $2,371,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Rollins in the 4th quarter valued at $244,669,000. Vanguard Group Inc. boosted its holdings in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares in the last quarter. Bessemer Group Inc. grew its position in Rollins by 11,772.1% during the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after buying an additional 1,075,264 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Rollins during the fourth quarter valued at $60,020,000. Finally, Select Equity Group L.P. increased its holdings in Rollins by 149.6% in the second quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock valued at $71,402,000 after buying an additional 758,462 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and an average target price of $63.71.

Rollins Stock Up 0.7%

Shares of NYSE ROL opened at $44.70 on Wednesday. The company’s 50-day simple moving average is $51.28 and its 200-day simple moving average is $56.42. Rollins, Inc. has a 52-week low of $44.09 and a 52-week high of $66.14. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.73. 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 released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts predict that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s dividend payout ratio is presently 66.97%.

Rollins Company Profile

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.