Rollins, Inc. (NYSE:ROL) Shares Acquired by Mercer Global Advisors Inc. ADV

Posted by Defense World Staff on May 25th, 2023

Mercer Global Advisors Inc. ADV boosted its position in Rollins, Inc. (NYSE:ROL – Get Rating) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,504 shares of the business services provider’s stock after purchasing an additional 1,330 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Rollins were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. Markel Corp lifted its stake in shares of Rollins by 0.4% during the first quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock valued at $43,752,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Rollins by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 228,203 shares of the business services provider’s stock worth $7,999,000 after purchasing an additional 10,319 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Rollins by 19.1% during the first quarter. American Century Companies Inc. now owns 17,031 shares of the business services provider’s stock worth $597,000 after purchasing an additional 2,730 shares during the last quarter. HighTower Advisors LLC increased its stake in Rollins by 4.7% in the first quarter. HighTower Advisors LLC now owns 49,502 shares of the business services provider’s stock valued at $1,731,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in Rollins by 24.3% in the first quarter. Natixis Advisors L.P. now owns 46,760 shares of the business services provider’s stock valued at $1,639,000 after purchasing an additional 9,129 shares during the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In other Rollins news, Vice Chairman John F. Wilson sold 40,499 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $42.45, for a total value of $1,719,182.55. Following the completion of the sale, the insider now owns 743,992 shares of the company’s stock, valued at $31,582,460.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ROL. Stifel Nicolaus lifted their price target on Rollins from $37.00 to $40.00 in a report on Friday, April 28th. StockNews.com began coverage on shares of Rollins in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Redburn Partners began coverage on shares of Rollins in a research note on Wednesday, February 1st. They set a “buy” rating and a $62.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $43.40.

Rollins Trading Up 0.2 %

NYSE ROL opened at $39.90 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 0.79. Rollins, Inc. has a one year low of $31.43 and a one year high of $43.06. The company’s 50 day moving average price is $39.39 and its 200 day moving average price is $38.13. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 51.82 and a beta of 0.66.

Rollins (NYSE:ROL – Get Rating) last posted its earnings results on Wednesday, April 26th. The business services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Rollins had a net margin of 13.77% and a return on equity of 31.07%. The business had revenue of $658.02 million for the quarter, compared to analyst estimates of $643.78 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts predict that Rollins, Inc. will post 0.85 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s dividend payout ratio (DPR) is currently 67.53%.

Rollins Company 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.