Rollins, Inc. $ROL Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 12.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,685,310 shares of the business services provider’s stock after selling 235,125 shares during the quarter. Rathbones Group PLC’s holdings in Rollins were worth $90,012,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. DV Equities LLC purchased a new position in shares of Rollins in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC boosted its position in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares during the last quarter. Torren Management LLC purchased a new stake in Rollins in the fourth quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac acquired a new position in Rollins in the 4th quarter worth approximately $43,000. Finally, Quarry LP increased its holdings in Rollins by 155.2% in the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after buying an additional 450 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Trading Up 0.3%

Shares of NYSE:ROL opened at $38.09 on Monday. Rollins, Inc. has a 12-month low of $36.59 and a 12-month high of $66.14. The company has a market capitalization of $18.33 billion, a PE ratio of 34.62, a PEG ratio of 4.11 and a beta of 0.75. The business has a 50 day moving average of $44.61 and a two-hundred day moving average of $52.97. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, analysts forecast that Rollins, Inc. will post 1.2 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

Wall Street Analysts Forecast Growth

Several analysts have commented on ROL shares. Piper Sandler decreased their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 target price for the company. Bank of America restated a “neutral” rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $52.00 to $40.00 in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rollins presently has a consensus rating of “Hold” and an average price target of $48.71.

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.