Inspire Investing LLC Cuts Stock Position in Rollins, Inc. $ROL

Inspire Investing LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 76.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,865 shares of the business services provider’s stock after selling 19,398 shares during the period. Inspire Investing LLC’s holdings in Rollins were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock worth $1,353,000 after buying an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Rollins by 56.4% in the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock worth $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Rollins during the first quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new position in shares of Rollins during the first quarter valued at about $464,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider’s stock valued at $8,631,000 after purchasing an additional 120,294 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.47% of the stock is currently owned by company insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $56.16 on Thursday. 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 stock has a market capitalization of $27.22 billion, a price-to-earnings ratio of 55.60 and a beta of 0.69. The firm’s 50 day simple moving average is $56.97 and its 200-day simple moving average is $55.78. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 11th. Rollins’s dividend payout ratio (DPR) is presently 65.35%.

Analysts Set New Price Targets

ROL has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Argus initiated coverage on Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target on the stock. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus target price of $61.40.

About Rollins

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.