GAMMA Investing LLC Makes New Investment in Rollins, Inc. (NYSE:ROL)

GAMMA Investing LLC acquired a new position in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,436 shares of the business services provider’s stock, valued at approximately $149,000.

Several other institutional investors have also added to or reduced their stakes in ROL. Vanguard Group Inc. grew its position in shares of Rollins by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after buying an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after purchasing an additional 2,682,017 shares during the last quarter. Invesco Ltd. grew its position in Rollins by 18.4% during the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock valued at $149,033,000 after purchasing an additional 620,179 shares during the last quarter. Northern Trust Corp grew its position in Rollins by 10.9% during the 3rd quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock valued at $118,172,000 after purchasing an additional 312,274 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Rollins by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,200,424 shares of the business services provider’s stock valued at $82,142,000 after purchasing an additional 363,386 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Transactions at Rollins

In other news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the chief financial officer now owns 99,078 shares in the company, valued at approximately $4,575,422.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Rollins news, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the chief financial officer now owns 99,078 shares in the company, valued at approximately $4,575,422.04. The disclosure for this sale can be found here. Insiders have sold 22,824 shares of company stock worth $994,558 in the last quarter. Company insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ROL shares. The Goldman Sachs Group started coverage on shares of Rollins in a research report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, February 15th. Morgan Stanley increased their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group reissued a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Rollins Price Performance

Shares of NYSE:ROL opened at $44.90 on Friday. The firm’s 50 day moving average price is $44.54 and its 200-day moving average price is $42.15. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $47.45. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $21.76 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 3.53 and a beta of 0.63.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter in the prior year, the business earned $0.18 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

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.