Sone Capital Management LLC Makes New $6.83 Million Investment in Rollins, Inc. (NYSE:ROL)

Sone Capital Management LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 147,358 shares of the business services provider’s stock, valued at approximately $6,830,000.

A number of other hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in Rollins by 136.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock valued at $12,327,000 after purchasing an additional 153,437 shares in the last quarter. True North Advisors LLC bought a new stake in Rollins in the 4th quarter worth approximately $262,000. Avanza Fonder AB purchased a new stake in Rollins in the fourth quarter worth approximately $1,054,000. Jones Financial Companies Lllp boosted its stake in Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock worth $123,000 after buying an additional 1,672 shares in the last quarter. Finally, KBC Group NV grew its position in Rollins by 68.0% during the fourth quarter. KBC Group NV now owns 247,082 shares of the business services provider’s stock valued at $11,452,000 after acquiring an additional 99,990 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Transactions at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider now owns 38,028 shares of the company’s stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The shares were 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. This represents a 14.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,180 shares of company stock valued at $1,155,943. Company insiders own 4.47% of the company’s stock.

Rollins Trading Up 1.2%

ROL opened at $57.04 on Monday. Rollins, Inc. has a one year low of $45.00 and a one 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 business has a 50 day simple moving average of $54.29 and a two-hundred day simple moving average of $51.00. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 59.42 and a beta of 0.79.

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

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be issued 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 presently 66.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROL. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Morgan Stanley upped their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price objective on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Canaccord Genuity Group increased their target price on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.57.

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.