15,000 Shares in Rollins, Inc. $ROL Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Rollins, Inc. (NYSE:ROL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the business services provider’s stock, valued at approximately $801,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Rollins by 4.3% in 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 acquiring an additional 1,562,241 shares in the last quarter. State Street Corp lifted its holdings in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after acquiring an additional 575,946 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after acquiring an additional 626,866 shares in the last quarter. Invesco Ltd. boosted its position in Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after purchasing an additional 461,869 shares during the period. Finally, Norges Bank purchased a new stake in Rollins during the 4th quarter worth $244,669,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on ROL shares. Wells Fargo & Company set a $46.00 price objective on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.07.

Rollins Stock Performance

NYSE:ROL opened at $43.41 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a 50-day moving average of $49.38 and a two-hundred day moving average of $55.47. The stock has a market cap of $20.90 billion, a P/E ratio of 39.83, a PEG ratio of 2.67 and a beta of 0.75. Rollins, Inc. has a 1-year low of $41.50 and a 1-year high of $66.14.

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

Rollins Announces Dividend

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