Markel Group Inc. Purchases 64,500 Shares of Rollins, Inc. $ROL

by · The Cerbat Gem

Markel Group Inc. grew its position in Rollins, Inc. (NYSE:ROL – Free Report) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,581,025 shares of the business services provider’s stock after buying an additional 64,500 shares during the period. Markel Group Inc.’s holdings in Rollins were worth $47,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. BlackRock Inc. acquired a new position in shares of Rollins during the second quarter valued at $1,204,334,000. State Street Corp boosted its holdings in Rollins by 3.7% in the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock valued at $566,046,000 after acquiring an additional 488,046 shares during the last quarter. AMF Tjanstepension AB increased its position in Rollins by 2.4% in the first quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock worth $195,974,000 after purchasing an additional 87,139 shares during the period. Dimensional Fund Advisors LP increased its position in Rollins by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,858,888 shares of the business services provider’s stock worth $152,686,000 after purchasing an additional 94,116 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Rollins by 1.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,020,508 shares of the business services provider’s stock worth $84,336,000 after purchasing an additional 26,807 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Rollins from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Morgan Stanley lowered their price target on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. BNP Paribas Exane dropped their price target on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Finally, UBS Group increased their price objective on shares of Rollins from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.25.

Get Our Latest Analysis on ROL

Rollins Stock Performance

ROL stock opened at $37.40 on Wednesday. Rollins, Inc. has a twelve month low of $29.28 and a twelve month high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.88 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 4.08 and a beta of 0.73. The business’s fifty day moving average is $33.51 and its 200-day moving average is $46.73.

Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. Equities research analysts forecast that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a yield of 2.1%. Rollins’s payout ratio is currently 66.97%.

About Rollins

(Free Report)

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.

Read More

Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL – Free Report).