Allstate Corp Raises Holdings in Rollins, Inc. $ROL

Allstate Corp increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 108.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,755 shares of the business services provider’s stock after purchasing an additional 10,783 shares during the quarter. Allstate Corp’s holdings in Rollins were worth $1,246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ROL. Cornerstone Planning Group LLC increased its position in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Rollins in the fourth quarter valued at about $30,000. Torren Management LLC acquired a new position in shares of Rollins in the fourth quarter valued at about $36,000. Hantz Financial Services Inc. increased its holdings in shares of Rollins by 121.6% in the fourth quarter. Hantz Financial Services Inc. now owns 820 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 450 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Rollins in the second quarter valued at approximately $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Down 3.8%

Shares of NYSE:ROL opened at $47.53 on Friday. The firm has a fifty day moving average of $53.84 and a two-hundred day moving average of $58.06. The firm has a market capitalization of $22.88 billion, a P/E ratio of 43.61, a price-to-earnings-growth 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 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 issued its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, equities analysts expect 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 will be paid on Wednesday, June 10th. Shareholders 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 1.5%. Rollins’s payout ratio is currently 66.97%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROL shares. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. Loop Capital started coverage on Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Weiss Ratings lowered Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Morgan Stanley set a $70.00 price target on Rollins in a research note on Friday, February 13th. Finally, Bank of America started coverage on Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target on the stock. 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. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price 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.