Twinbeech Capital LP Has $6.47 Million Stake in Rollins, Inc. (NYSE:ROL)

Twinbeech Capital LP grew its stake in Rollins, Inc. (NYSE:ROL) by 43.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,677 shares of the business services provider’s stock after purchasing an additional 42,579 shares during the period. Twinbeech Capital LP’s holdings in Rollins were worth $6,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROL. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins in the 4th quarter worth $29,000. Centricity Wealth Management LLC acquired a new stake in Rollins in the 4th quarter worth $31,000. Mizuho Bank Ltd. acquired a new stake in Rollins in the 4th quarter worth $37,000. Atala Financial Inc acquired a new stake in Rollins in the 4th quarter worth $47,000. Finally, Colonial Trust Co SC grew its position in Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider’s stock worth $50,000 after purchasing an additional 411 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROL. Morgan Stanley raised their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, April 25th. Royal Bank of Canada lifted their target price on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $55.57.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider now owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,180 shares of company stock worth $1,155,943. 4.47% of the stock is currently owned by company insiders.

Rollins Trading Up 0.8%

ROL opened at $57.41 on Tuesday. 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 $27.82 billion, a price-to-earnings ratio of 59.80 and a beta of 0.79. The firm has a 50 day simple moving average of $54.43 and a 200 day simple moving average of $51.07. Rollins, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $57.45.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, May 12th. Rollins’s dividend payout ratio is currently 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.