Rollins, Inc. $ROL Stock Position Cut by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC decreased its position in Rollins, Inc. (NYSE:ROL) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893,470 shares of the business services provider’s stock after selling 98,121 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Rollins were worth $26,911,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ROL. WINTON GROUP Ltd acquired a new stake in Rollins in the 2nd quarter valued at approximately $3,619,000. Amundi boosted its position in Rollins by 71.4% during the 2nd quarter. Amundi now owns 1,851,904 shares of the business services provider’s stock worth $77,300,000 after acquiring an additional 771,578 shares during the last quarter. Dudley & Shanley Inc. boosted its position in Rollins by 8.8% during the 2nd quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock worth $20,689,000 after acquiring an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Rollins by 16.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after acquiring an additional 31,173 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Rollins during the 2nd quarter worth approximately $61,792,000. 51.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Rollins from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $33.00 in a report on Wednesday, September 23rd. Morgan Stanley reduced their target price on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. UBS Group raised their target price on shares of Rollins from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Barclays set a $45.00 target price on shares of Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Citigroup lowered their price target on shares of Rollins from $46.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.25.

Rollins Stock Performance

Shares of NYSE ROL opened at $38.40 on Thursday. The stock has a 50 day moving average price of $33.55 and a 200 day moving average price of $46.62. Rollins, Inc. has a 52 week low of $29.28 and a 52 week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a market capitalization of $18.36 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 4.23 and a beta of 0.73.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Analysts predict that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.1825. Rollins’s payout ratio is currently 66.97%.

About Rollins

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.