Allstate Corp Buys 10,783 Shares of Rollins, Inc. $ROL

Allstate Corp raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 108.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,755 shares of the business services provider’s stock after purchasing an additional 10,783 shares during the quarter. Allstate Corp’s holdings in Rollins were worth $1,246,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new stake in Rollins in the third quarter valued at about $1,739,000. Jefferies Financial Group Inc. increased its stake in Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after acquiring an additional 68,647 shares during the period. National Pension Service increased its stake in Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after acquiring an additional 16,771 shares during the period. Dakota Wealth Management boosted its position in Rollins by 19.2% in the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock valued at $9,803,000 after buying an additional 26,867 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Rollins by 62.3% during the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after purchasing an additional 594,735 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the topic of several analyst reports. UBS Group increased their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating and issued a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. Morgan Stanley set a $70.00 price objective on shares of Rollins in a report on Friday, February 13th. Wells Fargo & Company cut their price objective on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Finally, Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Rollins Stock Performance

Shares of ROL stock opened at $47.53 on Friday. The stock has a market cap of $22.88 billion, a P/E ratio of 43.61, a P/E/G ratio of 3.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The company has a fifty day moving average price of $53.84 and a two-hundred day moving average price of $58.06. Rollins, Inc. has a one year low of $46.85 and a one year high of $66.14.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Rollins 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.