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

Renaissance Technologies LLC lifted its position in Rollins, Inc. (NYSE:ROL) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,825,569 shares of the business services provider’s stock after acquiring an additional 133,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.58% of Rollins worth $137,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. Menard Financial Group LLC lifted its holdings in shares of Rollins by 31.3% in the second quarter. Menard Financial Group LLC now owns 10,474 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 2,494 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Rollins in the 2nd quarter worth about $2,824,000. Dimensional Fund Advisors LP grew its stake in Rollins by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after acquiring an additional 172,009 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Rollins by 8.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,874 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 374 shares during the period. Finally, Inspire Advisors LLC purchased a new stake in shares of Rollins in the second quarter worth approximately $237,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company started coverage on shares of Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective on the stock. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

Rollins Price Performance

NYSE ROL opened at $50.47 on Monday. The stock has a 50-day simple moving average of $49.14 and a 200 day simple moving average of $47.30. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $51.28. The stock has a market capitalization of $24.44 billion, a PE ratio of 56.71, a P/E/G 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.

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

Rollins Dividend Announcement

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

Insiders Place Their Bets

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