Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 404,713 Shares of Rollins, Inc. $ROL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 630.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 468,939 shares of the business services provider’s stock after buying an additional 404,713 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rollins were worth $26,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROL. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins in the 2nd quarter worth about $30,000. GW&K Investment Management LLC raised its position in Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. National Pension Service lifted its stake in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,005 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent analyst reports. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wells Fargo & Company set a $63.00 price objective on Rollins and gave the company an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Sanford C. Bernstein started coverage on shares of Rollins in a research note on Wednesday. They set an “outperform” rating and a $70.00 target price for the company. Finally, Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $63.42.

Rollins Price Performance

Shares of ROL stock opened at $58.21 on Friday. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $60.35. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $57.17 and a two-hundred day simple moving average of $56.96. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 54.40 and a beta of 0.72.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.1825 per share. This is a boost from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 10th. Rollins’s payout ratio is 68.22%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.