Magnetar Financial LLC Acquires Shares of 5,487 Rollins, Inc. (NYSE:ROL)

Magnetar Financial LLC acquired a new stake in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,487 shares of the business services provider’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after acquiring an additional 157,619 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Rollins by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock valued at $104,347,000 after purchasing an additional 83,326 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Rollins by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock valued at $103,471,000 after purchasing an additional 164,720 shares during the last quarter. Finally, Eventide Asset Management LLC increased its stake in shares of Rollins by 2.0% in the 3rd quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock valued at $88,004,000 after purchasing an additional 34,746 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROL has been the topic of several recent analyst reports. UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group boosted their price objective on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Trading Down 0.1 %

Shares of ROL stock opened at $51.62 on Monday. The firm has a market capitalization of $25.04 billion, a P/E ratio of 53.77 and a beta of 0.78. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $53.72. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $50.33 and its 200 day simple moving average is $49.46.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. Insiders own 4.69% of the company’s stock.

Rollins Company Profile

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.