Avantax Advisory Services Inc. Has $2.10 Million Holdings in Rollins, Inc. $ROL

Avantax Advisory Services Inc. lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 39.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,186 shares of the business services provider’s stock after acquiring an additional 10,498 shares during the period. Avantax Advisory Services Inc.’s holdings in Rollins were worth $2,098,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROL. Vanguard Group Inc. increased its holdings in Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Rollins by 0.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock worth $553,464,000 after buying an additional 38,503 shares during the period. Geode Capital Management LLC grew its holdings in shares of Rollins by 4.8% during the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after buying an additional 432,067 shares in the last quarter. AMF Tjanstepension AB raised its position in Rollins by 196.2% in the 2nd quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after buying an additional 2,346,592 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Rollins by 44.2% in the 1st quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after acquiring an additional 894,731 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,395 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $57.77, for a total value of $138,359.15. Following the transaction, the insider directly owned 34,732 shares of the company’s stock, valued at $2,006,467.64. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.47% of the stock is owned by insiders.

Rollins Price Performance

Rollins stock opened at $60.35 on Friday. The firm has a market cap of $29.25 billion, a PE ratio of 56.40 and a beta of 0.72. 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’s fifty day moving average price is $57.36 and its two-hundred day moving average price is $57.04. Rollins, Inc. has a one year low of $45.34 and a one year high of $60.62.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts expect 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 dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio is currently 68.22%.

Analysts Set New Price Targets

A number of analysts have recently commented on ROL shares. Barclays boosted their price objective 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. Piper Sandler raised their price objective on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. Wells Fargo & Company set a $63.00 target price on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, UBS Group raised their price target on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Nine investment 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, Rollins has a consensus rating of “Moderate Buy” and an average price target of $63.42.

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.