WINTON GROUP Ltd Acquires New Stake in Rollins, Inc. $ROL

WINTON GROUP Ltd purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,700 shares of the business services provider’s stock, valued at approximately $3,619,000.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in Rollins during the second quarter worth about $1,204,334,000. California State Teachers Retirement System grew its holdings in Rollins by 5,022.4% in the 2nd quarter. California State Teachers Retirement System now owns 20,917,333 shares of the business services provider’s stock valued at $873,089,000 after buying an additional 20,508,985 shares during the period. State Street Corp increased its stake in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after acquiring an additional 575,946 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after acquiring an additional 626,866 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 0.1%

NYSE:ROL opened at $34.52 on Friday. The business’s 50-day moving average is $38.93 and its two-hundred day moving average is $47.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. Rollins, Inc. has a 12 month low of $34.35 and a 12 month high of $66.14. The firm has a market capitalization of $16.61 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.72 and a beta of 0.74.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $0.30 EPS. Rollins’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.1%. Rollins’s payout ratio is 66.36%.

Analysts Set New Price Targets

ROL has been the subject of a number of recent analyst reports. Bank of America restated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Raymond James Financial set a $35.00 price target on shares of Rollins in a report on Thursday, July 23rd. Citigroup began coverage on shares of Rollins in a research note on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, Argus downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.71.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.