Principal Financial Group Inc. Has $20.20 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Principal Financial Group Inc. increased its position in Rollins, Inc. (NYSE:ROL) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,398 shares of the business services provider’s stock after buying an additional 13,697 shares during the quarter. Principal Financial Group Inc. owned 0.08% of Rollins worth $20,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ROL. Vanguard Group Inc. grew its holdings in Rollins by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after acquiring an additional 206,873 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Rollins by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after purchasing an additional 148,316 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Rollins by 4.9% in the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares during the period. Dimensional Fund Advisors LP raised its position 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 worth $105,247,000 after purchasing an additional 172,009 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Rollins by 9.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,851,650 shares of the business services provider’s stock worth $85,676,000 after buying an additional 162,989 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of ROL opened at $51.29 on Thursday. The firm has a market cap of $24.84 billion, a PE ratio of 53.43 and a beta of 0.70. Rollins, Inc. has a 52-week low of $38.89 and a 52-week high of $52.16. The business’s 50 day moving average price is $49.55 and its two-hundred day moving average price is $48.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, equities analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is 68.75%.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on ROL. Barclays began coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Wells Fargo & Company raised their price target on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four research 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 stock has an average rating of “Hold” and a consensus price target of $49.83.

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.