Rollins, Inc. (NYSE:ROL) Shares Sold by LPL Financial LLC

LPL Financial LLC lowered its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,142 shares of the business services provider’s stock after selling 6,286 shares during the period. LPL Financial LLC owned approximately 0.07% of Rollins worth $17,081,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROL. Marshall Wace LLP raised its position in shares of Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after buying an additional 2,203,859 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Rollins during the fourth quarter worth about $81,747,000. BLI Banque de Luxembourg Investments purchased a new position in shares of Rollins in the 4th quarter worth about $50,161,000. Manning & Napier Advisors LLC lifted its stake in shares of Rollins by 372.7% in the 1st quarter. Manning & Napier Advisors LLC now owns 1,267,167 shares of the business services provider’s stock valued at $68,465,000 after purchasing an additional 999,112 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Rollins by 9,005.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 833,889 shares of the business services provider’s stock worth $38,651,000 after purchasing an additional 824,731 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $58.13 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company’s fifty day moving average price is $56.69 and its two-hundred day moving average price is $54.28. The firm has a market capitalization of $28.17 billion, a P/E ratio of 57.56 and a beta of 0.69. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.96.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. On average, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 11th. Rollins’s dividend payout ratio is 65.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays raised their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Wall Street Zen raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. UBS Group upped their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Piper Sandler raised their price objective on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.40.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares of the company’s stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company’s stock, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,921 shares of company stock valued at $4,120,613. Company insiders own 4.47% of the company’s stock.

Rollins 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.