Blair William & Co. IL Cuts Stock Holdings in Rollins, Inc. $ROL

Blair William & Co. IL reduced its stake in Rollins, Inc. (NYSE:ROL) by 2.1% during the 3rd quarter, Holdings Channel reports. The fund owned 2,124,489 shares of the business services provider’s stock after selling 45,723 shares during the quarter. Blair William & Co. IL’s holdings in Rollins were worth $124,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Rollins during the 2nd quarter worth $218,593,000. Westfield Capital Management Co. LP raised its position in Rollins by 1,923.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,878,134 shares of the business services provider’s stock valued at $105,964,000 after purchasing an additional 1,785,300 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Rollins by 41.2% in the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after buying an additional 1,649,676 shares during the period. Vanguard Group Inc. grew its position in shares of Rollins by 4.2% during the third quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider’s stock worth $2,156,949,000 after buying an additional 1,480,306 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Rollins by 78.0% during the second quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock worth $128,788,000 after buying an additional 1,000,185 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $58.34 on Friday. The stock’s 50-day simple moving average is $61.36 and its 200-day simple moving average is $59.24. The firm has a market capitalization of $28.07 billion, a PE ratio of 53.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.80. Rollins, Inc. has a fifty-two week low of $49.73 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.60.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $912.91 million during the quarter, compared to analyst estimates of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, February 25th. Rollins’s payout ratio is currently 66.97%.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 7,538 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the transaction, the chairman directly owned 600,049 shares of the company’s stock, valued at $37,959,099.74. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Gary W. Rollins sold 19,094 shares of Rollins stock in a transaction on Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $1,207,886.44. Following the sale, the chairman owned 5,322,469 shares in the company, valued at $336,699,388.94. This represents a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 73,351 shares of company stock worth $4,554,785. 4.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, February 12th. UBS Group set a $65.00 price objective on shares of Rollins in a research report on Wednesday, January 21st. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $72.00 in a report on Friday, December 5th. Finally, Bank of America assumed coverage on shares of Rollins in a research report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.08.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.