Rollins, Inc. (NYSE:ROL) Shares Acquired by abrdn plc

abrdn plc grew its stake in Rollins, Inc. (NYSE:ROL) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,867 shares of the business services provider’s stock after buying an additional 77,199 shares during the period. abrdn plc’s holdings in Rollins were worth $9,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Operose Advisors LLC acquired a new stake in shares of Rollins in the third quarter worth $47,000. First Horizon Advisors Inc. increased its stake in shares of Rollins by 224.5% in the third quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock worth $60,000 after acquiring an additional 1,109 shares during the period. Blue Trust Inc. grew its position in Rollins by 65.9% during the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after buying an additional 577 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Rollins during the third quarter valued at $75,000. Finally, UniSuper Management Pty Ltd grew its position in Rollins by 43.8% during the third quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock valued at $86,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the sale, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The disclosure for this sale can be found here. Insiders have sold a total of 22,824 shares of company stock valued at $994,558 over the last quarter. 4.69% of the stock is owned by company insiders.

Rollins Stock Performance

NYSE:ROL opened at $44.90 on Friday. The company’s 50-day moving average price is $44.54 and its 200-day moving average price is $42.11. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The company has a market cap of $21.76 billion, a P/E ratio of 50.45, a P/E/G ratio of 3.48 and a beta of 0.63. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $47.45.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The company had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Rollins’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Wall Street Analyst Weigh In

Several analysts recently commented on ROL shares. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, February 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. Morgan Stanley lifted their target price on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, The Goldman Sachs Group initiated coverage on shares of Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.