Vinva Investment Management Ltd Invests $421,000 in Rollins, Inc. $ROL

Vinva Investment Management Ltd acquired a new position in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,502 shares of the business services provider’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Rollins during the second quarter worth $30,000. TD Waterhouse Canada Inc. raised its holdings in shares of Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares during the period. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares in the last quarter. National Pension Service boosted its holdings in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 462 shares during the period. Finally, Assetmark Inc. grew its position in Rollins by 587.7% in the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ROL shares. Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Rollins in a research report on Thursday, October 30th. Finally, Jefferies Financial Group set a $66.00 price objective on Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.42.

Rollins Stock Performance

Shares of Rollins stock opened at $61.50 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $61.84. The firm’s 50 day moving average is $57.90 and its two-hundred day moving average is $57.22. The firm has a market capitalization of $29.80 billion, a P/E ratio of 57.47 and a beta of 0.72.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. Rollins’s dividend payout ratio is 68.22%.

Insider Activity

In other news, insider Thomas D. Tesh sold 2,395 shares of Rollins stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $57.77, for a total transaction of $138,359.15. Following the sale, the insider owned 34,732 shares in the company, valued at approximately $2,006,467.64. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.47% of the company’s stock.

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.