AQR Capital Management LLC Raises Stake in Rollins, Inc. (ROL)

AQR Capital Management LLC raised its position in Rollins, Inc. (NYSE:ROL) by 31.3% during the fourth quarter, Holdings Channel reports. The fund owned 107,083 shares of the company’s stock after buying an additional 25,533 shares during the period. AQR Capital Management LLC’s holdings in Rollins were worth $3,617,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ROL. Soros Fund Management LLC acquired a new stake in Rollins during the fourth quarter worth about $470,000. Eventide Asset Management LLC raised its stake in Rollins by 20.4% in the fourth quarter. Eventide Asset Management LLC now owns 590,000 shares of the company’s stock worth $19,930,000 after buying an additional 100,000 shares during the last quarter. Wexford Capital LP acquired a new stake in Rollins during the fourth quarter worth about $231,000. Pacad Investment Ltd. raised its stake in Rollins by 542.7% in the fourth quarter. Pacad Investment Ltd. now owns 16,710 shares of the company’s stock worth $564,000 after buying an additional 14,110 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Rollins during the fourth quarter worth about $412,000. 37.30% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) opened at 36.06 on Friday. The stock’s 50 day moving average is $36.46 and its 200 day moving average is $32.67. Rollins, Inc. has a 12 month low of $26.21 and a 12 month high of $37.29. The firm has a market cap of $7.86 billion, a PE ratio of 47.01 and a beta of 0.24.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Rollins had a return on equity of 29.85% and a net margin of 10.64%. The firm earned $385.60 million during the quarter, compared to the consensus estimate of $383.92 million. During the same period last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post $0.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were issued a dividend of $0.115 per share. The ex-dividend date was Wednesday, February 8th. This is an increase from Rollins’s previous quarterly dividend of $0.10. This represents a $0.46 annualized dividend and a dividend yield of 1.28%. Rollins’s dividend payout ratio (DPR) is currently 59.74%.

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A number of equities research analysts have recently issued reports on the stock. Instinet upped their target price on shares of Rollins from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th.

About Rollins

Rollins, Inc is a service company, which provides pest and termite control services. The Company operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.

5 Day Chart for NYSE:ROL

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