Concurrent Investment Advisors LLC Has $1.02 Million Holdings in Rollins, Inc. (NYSE:ROL)

Concurrent Investment Advisors LLC increased its holdings in Rollins, Inc. (NYSE:ROL) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,952 shares of the business services provider’s stock after acquiring an additional 414 shares during the period. Concurrent Investment Advisors LLC’s holdings in Rollins were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Handelsbanken Fonder AB raised its holdings in shares of Rollins by 18.6% in the 4th quarter. Handelsbanken Fonder AB now owns 65,241 shares of the business services provider’s stock worth $3,024,000 after acquiring an additional 10,217 shares during the last quarter. Ieq Capital LLC increased its stake in Rollins by 154.2% in the 4th quarter. Ieq Capital LLC now owns 37,593 shares of the business services provider’s stock valued at $1,742,000 after buying an additional 22,805 shares during the last quarter. Freedom Day Solutions LLC increased its stake in Rollins by 36.8% in the 4th quarter. Freedom Day Solutions LLC now owns 44,630 shares of the business services provider’s stock valued at $2,069,000 after buying an additional 12,010 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Rollins by 10.7% in the 4th quarter. Venturi Wealth Management LLC now owns 15,280 shares of the business services provider’s stock valued at $708,000 after buying an additional 1,476 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Rollins in the 4th quarter valued at about $3,055,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.00.

Rollins Price Performance

NYSE ROL opened at $51.29 on Friday. The company has a market cap of $24.83 billion, a PE ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a 52 week low of $41.30 and a 52 week high of $52.83. 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 firm’s 50-day simple moving average is $48.28 and its two-hundred day simple moving average is $49.12.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

About Rollins

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.