Rollins, Inc. $ROL Shares Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,506,599 shares of the business services provider’s stock after buying an additional 330,977 shares during the quarter. Rollins makes up 1.1% of Manning & Napier Advisors LLC’s investment portfolio, making the stock its 29th largest position. Manning & Napier Advisors LLC’s holdings in Rollins were worth $80,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Rollins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares during the period. State Street Corp boosted its holdings in shares of Rollins by 4.7% during the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rollins by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after purchasing an additional 626,866 shares during the last quarter. Invesco Ltd. grew its position in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after purchasing an additional 461,869 shares during the period. Finally, Norges Bank purchased a new stake in shares of Rollins in the fourth quarter valued at $244,669,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company set a $46.00 target price on Rollins and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Morgan Stanley decreased their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.71.

Rollins Trading Down 0.5%

ROL stock traded down $0.25 during trading on Friday, reaching $44.52. 3,586,345 shares of the stock traded hands, compared to its average volume of 4,238,794. The firm has a market capitalization of $21.44 billion, a PE ratio of 40.85, a P/E/G ratio of 2.74 and a beta of 0.75. 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 business’s 50 day moving average price is $48.18 and its 200-day moving average price is $54.95. Rollins, Inc. has a 52-week low of $41.50 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $906.42 million for 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 company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.25 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is 66.97%.

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.