Arbejdsmarkedets Tillaegspension Takes $24.07 Million Position in Rollins, Inc. $ROL

Arbejdsmarkedets Tillaegspension bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 400,947 shares of the business services provider’s stock, valued at approximately $24,065,000.

A number of other institutional investors have also recently modified their holdings of ROL. Cornerstone Planning Group LLC lifted its position in shares of 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 acquiring an additional 354 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Rollins during the 4th quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Rollins during the 3rd quarter valued at $31,000. Torren Management LLC bought a new stake in shares of Rollins during the 4th quarter valued at $36,000. Finally, First Horizon Corp bought a new stake in shares of Rollins during the 3rd quarter worth $47,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 1.1%

Shares of ROL stock opened at $53.39 on Friday. The company has a market cap of $25.71 billion, a P/E ratio of 48.98, a PEG ratio of 3.25 and a beta of 0.79. The stock has a 50 day simple moving average of $54.72 and a two-hundred day simple moving average of $58.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. Rollins, Inc. has a fifty-two week low of $51.95 and a fifty-two week high of $66.14.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s payout ratio is currently 66.97%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the transaction, the insider directly owned 55,977 shares of the company’s stock, valued at $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROL. Morgan Stanley set a $70.00 price objective on Rollins in a research report on Friday, February 13th. Royal Bank Of Canada set a $67.00 target price on Rollins and gave the company an “outperform” rating in a research report on Thursday, February 12th. Wells Fargo & Company set a $56.00 target price on Rollins and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Bank of America initiated coverage on Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 target price for the company. Finally, UBS Group increased their target price on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

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.