Concentric Capital Strategies LP Acquires Shares of 305,923 Rollins, Inc. $ROL

Concentric Capital Strategies LP bought a new stake in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, HoldingsChannel reports. The firm bought 305,923 shares of the business services provider’s stock, valued at approximately $18,361,000. Rollins makes up approximately 0.9% of Concentric Capital Strategies LP’s holdings, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares during the period. State Street Corp grew its holdings in Rollins by 4.7% in the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Rollins by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after purchasing an additional 626,866 shares during the last quarter. Norges Bank purchased a new position in shares of Rollins during the fourth quarter valued at approximately $244,669,000. Finally, Northern Trust Corp boosted its position in shares of Rollins by 0.5% in the 3rd quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock worth $169,522,000 after purchasing an additional 15,133 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $45.15 on Thursday. Rollins, Inc. has a twelve month low of $44.43 and a twelve month high of $66.14. The firm has a market cap of $21.74 billion, a P/E ratio of 41.42, a PEG ratio of 2.88 and a beta of 0.73. The company has a 50 day moving average of $52.07 and a 200 day moving average of $56.88. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. As a group, research analysts expect that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. UBS Group boosted their target price on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Loop Capital initiated coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and set a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.71.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.