Corient Private Wealth LLC Grows Holdings in Rollins, Inc. $ROL

Corient Private Wealth LLC boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,578 shares of the business services provider’s stock after acquiring an additional 17,857 shares during the period. Corient Private Wealth LLC owned 0.10% of Rollins worth $27,227,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. J.W. Cole Advisors Inc. boosted its holdings in Rollins by 16.2% in the second quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock worth $7,224,000 after acquiring an additional 17,845 shares in the last quarter. Savant Capital LLC raised its position in shares of Rollins by 7.2% in the 2nd quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock worth $1,208,000 after purchasing an additional 1,435 shares during the last quarter. Prudential Financial Inc. boosted its stake in Rollins by 11.0% in the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock worth $8,958,000 after purchasing an additional 15,699 shares in the last quarter. Marshall Wace LLP boosted its stake in Rollins by 78.0% in the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock worth $128,788,000 after purchasing an additional 1,000,185 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new stake in Rollins during the 2nd quarter valued at about $1,924,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 1.2%

NYSE:ROL opened at $60.18 on Thursday. The company has a market cap of $29.17 billion, a PE ratio of 56.24 and a beta of 0.79. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $58.53 and a two-hundred day simple moving average of $57.51. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $61.84.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a dividend of $0.1825 per share. The ex-dividend date was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is presently 68.22%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROL. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $72.00 in a report on Friday, December 5th. JPMorgan Chase & Co. assumed coverage on Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Insider Activity

In other news, insider Thomas D. Tesh sold 2,396 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the sale, the insider owned 31,627 shares of the company’s stock, valued at $1,889,080.71. This represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by corporate 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.