Bamco Inc. NY Decreases Stake in Rollins, Inc. $ROL

Bamco Inc. NY lowered its position in Rollins, Inc. (NYSE:ROL) by 5.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,208,539 shares of the business services provider’s stock after selling 71,373 shares during the period. Bamco Inc. NY owned 0.25% of Rollins worth $72,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Trust purchased a new position in shares of Rollins during the 4th quarter worth $294,000. Guggenheim Capital LLC raised its holdings in shares of Rollins by 314.1% during the 4th quarter. Guggenheim Capital LLC now owns 17,136 shares of the business services provider’s stock worth $1,029,000 after acquiring an additional 12,998 shares during the period. Caisse de depot et placement du Quebec raised its holdings in shares of Rollins by 47.7% during the 4th quarter. Caisse de depot et placement du Quebec now owns 602,114 shares of the business services provider’s stock worth $36,139,000 after acquiring an additional 194,350 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in shares of Rollins by 14.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,784 shares of the business services provider’s stock worth $407,000 after acquiring an additional 867 shares during the period. Finally, Burkehill Global Management LP purchased a new position in shares of Rollins during the 4th quarter worth $43,514,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $45.15 on Thursday. 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 stock has a fifty day moving average price of $52.07 and a 200 day moving average price of $56.88. Rollins, Inc. has a 1-year low of $44.43 and a 1-year high of $66.14. The company has a market cap of $21.74 billion, a PE ratio of 41.42, a P/E/G ratio of 2.88 and a beta of 0.73.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share 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 firm had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same period last year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were issued 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 currently 66.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROL. Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company lowered their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. UBS Group increased their price objective on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Loop Capital initiated coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and set a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.