AdvisorShares Investments LLC Decreases Stock Position in Rollins, Inc. $ROL

AdvisorShares Investments LLC lessened its stake in Rollins, Inc. (NYSE:ROL) by 21.7% in the fourth quarter, Holdings Channel reports. The fund owned 119,318 shares of the business services provider’s stock after selling 33,089 shares during the quarter. Rollins makes up about 1.2% of AdvisorShares Investments LLC’s holdings, making the stock its 24th biggest holding. AdvisorShares Investments LLC’s holdings in Rollins were worth $7,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the period. Board of the Pension Protection Fund purchased a new position in Rollins in the 4th quarter worth approximately $30,000. Torren Management LLC purchased a new position in Rollins in the 4th quarter worth approximately $36,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins in the 4th quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Rollins by 75.8% in the 1st 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 during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $47.53 on Friday. 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 firm has a market cap of $22.88 billion, a P/E ratio of 43.61, a P/E/G ratio of 3.04 and a beta of 0.79. Rollins, Inc. has a 12-month low of $46.85 and a 12-month high of $66.14. The stock’s 50 day simple moving average is $53.84 and its 200 day simple moving average is $58.06.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities research analysts predict that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The company also recently declared 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. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 11th. Rollins’s dividend payout ratio is currently 66.97%.

Analyst Ratings Changes

ROL has been the subject of a number of analyst reports. UBS Group upped their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company reduced their target price on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada set a $67.00 target price on Rollins and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Bank of America initiated coverage on Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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.