Wedmont Private Capital Acquires 625 Shares of Rollins, Inc. (NYSE:ROL)

Wedmont Private Capital raised its holdings in Rollins, Inc. (NYSE:ROL – Get Rating) by 8.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,732 shares of the business services provider’s stock after acquiring an additional 625 shares during the quarter. Wedmont Private Capital’s holdings in Rollins were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Eagle Bay Advisors LLC bought a new position in shares of Rollins during the 2nd quarter worth $29,000. Federated Hermes Inc. bought a new position in shares of Rollins during the 2nd quarter worth $40,000. Fred Alger Management LLC bought a new position in shares of Rollins during the 3rd quarter worth $41,000. Ronald Blue Trust Inc. bought a new position in shares of Rollins during the 2nd quarter worth $43,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Rollins during the 3rd quarter worth $44,000. Institutional investors own 38.98% of the company’s stock.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 2,129 shares of the stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $36.57, for a total value of $77,857.53. Following the completion of the sale, the insider now directly owns 96,960 shares in the company, valued at $3,545,827.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. 53.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ROL shares. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. Redburn Partners assumed coverage on Rollins in a research report on Wednesday, February 1st. They set a “buy” rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Rollins Price Performance

Shares of ROL stock opened at $36.07 on Friday. Rollins, Inc. has a 1-year low of $31.43 and a 1-year high of $43.06. The stock’s 50-day moving average is $35.93 and its 200 day moving average is $37.16. The company has a market cap of $17.77 billion, a P/E ratio of 48.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.65.

Rollins (NYSE:ROL – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Rollins had a return on equity of 30.92% and a net margin of 13.53%. The company had revenue of $661.40 million during the quarter, compared to analysts’ expectations of $661.44 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 0.8 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, February 9th. Rollins’s dividend payout ratio (DPR) is presently 70.27%.

Rollins Profile

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.