Burney Co. Makes New $675,000 Investment in Rollins, Inc. $ROL

Burney Co. acquired a new position in Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,968 shares of the business services provider’s stock, valued at approximately $675,000.

Several other institutional investors have also added to or reduced their stakes in ROL. AMF Tjanstepension AB lifted its stake in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Rollins in the first quarter worth about $59,073,000. Nuveen LLC bought a new stake in Rollins in the first quarter worth about $54,685,000. Vanguard Group Inc. lifted its stake in Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Rollins in the first quarter worth about $50,547,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

ROL opened at $59.71 on Thursday. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $60.35. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.94 billion, a P/E ratio of 55.80 and a beta of 0.72. The firm’s 50-day moving average price is $56.91 and its 200-day moving average price is $56.82.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio is presently 68.22%.

Analysts Set New Price Targets

A number of brokerages have commented on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price on the stock. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Jefferies Financial Group set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a report on Monday. Finally, Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.82.

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.