Rollins, Inc. $ROL Stock Holdings Lifted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its stake in Rollins, Inc. (NYSE:ROL) by 86.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,734 shares of the business services provider’s stock after buying an additional 3,575 shares during the period. Pallas Capital Advisors LLC’s holdings in Rollins were worth $436,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock worth $1,353,000 after purchasing an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 2,254 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Rollins in the first quarter valued at approximately $464,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider’s stock worth $8,631,000 after purchasing an additional 120,294 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Rollins during the first quarter worth $59,073,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Price Performance

NYSE ROL opened at $55.56 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The company’s 50 day moving average is $56.98 and its two-hundred day moving average is $55.85. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 55.01 and a beta of 0.69.

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

Rollins Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target for the company. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, Piper Sandler raised their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.40.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is owned by insiders.

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.