Aviva PLC Acquires 98,973 Shares of Rollins, Inc. $ROL

Aviva PLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 441.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,369 shares of the business services provider’s stock after buying an additional 98,973 shares during the period. Aviva PLC’s holdings in Rollins were worth $6,848,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ROL. Security Financial Services INC. lifted its position in shares of Rollins by 3.2% during the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 178 shares during the period. Red Spruce Capital LLC increased its stake in Rollins by 1.2% in the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 182 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in Rollins by 9.2% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 220 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 224 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Rollins by 2.8% during the 2nd quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock worth $465,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE:ROL opened at $58.54 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $57.12 and its two-hundred day simple moving average is $56.93. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $60.35. The stock has a market cap of $28.37 billion, a PE ratio of 54.71 and a beta of 0.72.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.1825 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 10th. This represents a $0.73 annualized dividend and a yield of 1.2%. Rollins’s dividend payout ratio (DPR) is 68.22%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays boosted their target price on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research note on Thursday, October 30th. Sanford C. Bernstein initiated coverage on Rollins in a research report on Wednesday. They set an “outperform” rating and a $70.00 target price on the stock. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and a consensus price target of $63.42.

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.