Atria Wealth Solutions Inc. Sells 746 Shares of Rollins, Inc. (NYSE:ROL)

Atria Wealth Solutions Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 49,065 shares of the business services provider’s stock after selling 746 shares during the period. Atria Wealth Solutions Inc.’s holdings in Rollins were worth $2,143,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after buying an additional 260 shares in the last quarter. Operose Advisors LLC bought a new stake in Rollins during the 3rd quarter worth $47,000. First Horizon Advisors Inc. increased its holdings in Rollins by 224.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,109 shares in the last quarter. Blue Trust Inc. raised its position in Rollins by 65.9% in the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 577 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Rollins during the third quarter valued at about $75,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, February 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. The Goldman Sachs Group began coverage on Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price objective for the company. Morgan Stanley raised their target price on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 10,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, 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 SEC, which can be accessed through this hyperlink. In related news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the completion of the sale, the insider now directly owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. Insiders sold 27,824 shares of company stock worth $1,219,558 in the last quarter. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

ROL stock opened at $44.77 on Tuesday. The company’s fifty day simple moving average is $44.61 and its 200 day simple moving average is $42.26. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $47.45. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 3.51 and a beta of 0.63.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $748.35 million during the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend 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%.

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.