96,393 Shares in Rollins, Inc. $ROL Purchased by Berger Financial Group Inc

Berger Financial Group Inc bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 96,393 shares of the business services provider’s stock, valued at approximately $5,148,000.

A number of other hedge funds also recently added to or reduced their stakes in ROL. National Pension Service increased its stake in Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after purchasing an additional 29,758 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in Rollins during the third quarter worth $1,739,000. Jefferies Financial Group Inc. grew its holdings in Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after purchasing an additional 68,647 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after purchasing an additional 594,735 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Rollins by 52.1% in the fourth quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock valued at $51,363,000 after buying an additional 292,062 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE:ROL opened at $43.41 on Friday. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $49.38 and its two-hundred day moving average is $55.50. Rollins, Inc. has a 12-month low of $41.50 and a 12-month high of $66.14.

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

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were given a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.7%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Wall Street Analyst Weigh In

ROL has been the subject of several research reports. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the company an “equal weight” rating in a report on Thursday, June 25th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Loop Capital began coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price for the company. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and an average price target of $63.07.

Rollins 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.