21,287 Shares in Rollins, Inc. $ROL Acquired by Element Capital Management LLC

Element Capital Management LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,287 shares of the business services provider’s stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. National Pension Service lifted its stake in shares of Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Mirabella Financial Services LLP bought a new position in Rollins in the third quarter valued at about $1,739,000. Jefferies Financial Group Inc. boosted its stake in shares of Rollins by 607.7% during 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 purchasing an additional 68,647 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after buying an additional 594,735 shares during the period. Finally, Nordea Investment Management AB boosted its position in Rollins by 52.1% during the 4th quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock worth $51,363,000 after buying an additional 292,062 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Loop Capital initiated coverage on shares of Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. Weiss Ratings cut shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average price target of $63.71.

Rollins Stock Performance

Shares of Rollins stock opened at $45.15 on Thursday. The company has a market cap of $21.74 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.88 and a beta of 0.73. Rollins, Inc. has a 52 week low of $44.43 and a 52 week high of $66.14. The business has a 50 day moving average price of $52.07 and a 200-day moving average price 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 announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Rollins’s revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

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