Sciencast Management LP Invests $768,000 in Rollins, Inc. (NYSE:ROL)

Sciencast Management LP acquired a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,056 shares of the business services provider’s stock, valued at approximately $768,000.

A number of other hedge funds also recently modified their holdings of ROL. Norges Bank purchased a new stake in Rollins during the 4th quarter valued at about $51,560,000. Eventide Asset Management LLC purchased a new stake in Rollins during the 1st quarter valued at about $27,936,000. Invesco Ltd. boosted its holdings in Rollins by 22.8% during the 1st quarter. Invesco Ltd. now owns 3,922,685 shares of the business services provider’s stock valued at $141,765,000 after acquiring an additional 728,670 shares during the period. APG Asset Management N.V. boosted its holdings in Rollins by 7.0% during the 1st quarter. APG Asset Management N.V. now owns 7,479,508 shares of the business services provider’s stock valued at $270,309,000 after acquiring an additional 488,994 shares during the period. Finally, BlackRock Inc. boosted its holdings in Rollins by 4.1% during the 1st quarter. BlackRock Inc. now owns 11,318,329 shares of the business services provider’s stock valued at $409,043,000 after acquiring an additional 441,732 shares during the period. Institutional investors own 40.77% of the company’s stock.

Separately, Royal Bank of Canada increased their price objective on Rollins from $50.00 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Rollins presently has a consensus rating of “Hold” and an average price target of $40.20.

NYSE ROL opened at $52.40 on Friday. Rollins, Inc. has a fifty-two week low of $30.72 and a fifty-two week high of $52.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.68 and a current ratio of 0.76. The stock has a 50 day simple moving average of $44.62 and a two-hundred day simple moving average of $39.98. The stock has a market cap of $16.92 billion, a P/E ratio of 80.62 and a beta of 0.42.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Rollins had a return on equity of 29.41% and a net margin of 10.15%. The firm had revenue of $553.30 million during the quarter, compared to analyst estimates of $542.03 million. During the same quarter in the prior year, the company earned $0.20 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts predict that Rollins, Inc. will post 0.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, August 7th. Rollins’s dividend payout ratio is currently 43.84%.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

Further Reading: Cost of Capital Explained

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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