Eventide Asset Management LLC Acquires 20,699 Shares of Rollins, Inc. $ROL

Eventide Asset Management LLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 739,746 shares of the business services provider’s stock after purchasing an additional 20,699 shares during the period. Eventide Asset Management LLC’s holdings in Rollins were worth $44,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings 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 purchasing an additional 354 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Rollins during the 4th quarter valued at $30,000. Torren Management LLC bought a new position in Rollins in the 4th quarter worth $36,000. Fideuram Asset Management Ireland dac bought a new position in Rollins in the 4th quarter worth $43,000. Finally, Quarry LP raised its holdings in Rollins by 155.2% in the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after acquiring an additional 450 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $47.10 on Friday. 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 market capitalization of $22.68 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 2.90 and a beta of 0.73. The company’s fifty day moving average is $52.53 and its two-hundred day moving average is $57.22. Rollins, Inc. has a 52-week low of $44.43 and a 52-week high of $66.14.

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, hitting the consensus estimate of $0.24. The company had revenue of $906.42 million for 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 business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. Equities research analysts forecast that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ROL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Finally, UBS Group lifted their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.