Renaissance Technologies LLC Has $137.86 Million Holdings in Rollins, Inc. (NYSE:ROL)

Renaissance Technologies LLC boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,825,569 shares of the business services provider’s stock after purchasing an additional 133,100 shares during the period. Renaissance Technologies LLC’s holdings in Rollins were worth $137,860,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Rollins in the fourth quarter valued at $256,862,000. APG Asset Management US Inc. bought a new position in shares of Rollins in the fourth quarter worth about $77,075,000. TD Asset Management Inc lifted its position in shares of Rollins by 217.3% during the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after purchasing an additional 1,690,668 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Rollins by 102.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock valued at $73,744,000 after purchasing an additional 855,882 shares during the last quarter. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $26,259,000. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company initiated coverage on shares of Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target for the company. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.83.

Rollins Trading Up 0.6 %

ROL opened at $50.47 on Monday. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $51.28. The firm has a market cap of $24.44 billion, a PE ratio of 56.71, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm’s fifty day moving average is $49.14 and its two-hundred day moving average is $47.30.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.19%. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Rollins 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.