Ieq Capital LLC Purchases 22,805 Shares of Rollins, Inc. (NYSE:ROL)

Ieq Capital LLC boosted its holdings in Rollins, Inc. (NYSE:ROL) by 154.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,593 shares of the business services provider’s stock after acquiring an additional 22,805 shares during the quarter. Ieq Capital LLC’s holdings in Rollins were worth $1,742,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Freedom Day Solutions LLC raised its stake in Rollins by 36.8% during the 4th quarter. Freedom Day Solutions LLC now owns 44,630 shares of the business services provider’s stock valued at $2,069,000 after buying an additional 12,010 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Rollins by 10.7% in the fourth quarter. Venturi Wealth Management LLC now owns 15,280 shares of the business services provider’s stock worth $708,000 after purchasing an additional 1,476 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Rollins during the 4th quarter valued at $3,055,000. Truist Financial Corp lifted its position in shares of Rollins by 1.9% in the fourth quarter. Truist Financial Corp now owns 386,267 shares of the business services provider’s stock valued at $17,903,000 after acquiring an additional 7,182 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Rollins by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 49,185 shares of the business services provider’s stock worth $2,280,000 after purchasing an additional 2,246 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE:ROL opened at $51.29 on Monday. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. 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 business has a 50 day simple moving average of $48.28 and a 200-day simple moving average of $49.13. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROL. Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Canaccord Genuity Group boosted their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average target price of $52.00.

About Rollins

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.