Point72 Asset Management L.P. Acquires 162,177 Shares of Rollins, Inc. (NYSE:ROL)

Point72 Asset Management L.P. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 28.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 735,133 shares of the business services provider’s stock after acquiring an additional 162,177 shares during the period. Point72 Asset Management L.P. owned about 0.15% of Rollins worth $34,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Keel Point LLC lifted its stake in shares of Rollins by 5.1% during the 4th quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after acquiring an additional 262 shares during the last quarter. Kensington Investment Counsel LLC lifted its stake in shares of Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after acquiring an additional 263 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Rollins by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 274 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after acquiring an additional 292 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Rollins by 9.8% during the 4th quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock worth $154,000 after acquiring an additional 298 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,180 shares of company stock worth $1,155,943 over the last three months. Corporate insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Royal Bank of Canada increased their price target on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. UBS Group raised their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Four 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.57.

Rollins Price Performance

Shares of ROL stock opened at $57.04 on Friday. The stock’s 50-day moving average is $54.29 and its 200 day moving average is $50.95. Rollins, Inc. has a 1-year low of $45.00 and a 1-year high of $57.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of $27.64 billion, a P/E ratio of 59.42 and a beta of 0.79.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The business had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. During the same period last year, the business earned $0.20 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.16%. Rollins’s dividend payout ratio (DPR) is 66.67%.

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.