Eastern Bank Increases Stock Holdings in Rollins, Inc. $ROL

Eastern Bank grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 17.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,214 shares of the business services provider’s stock after purchasing an additional 8,331 shares during the period. Eastern Bank’s holdings in Rollins were worth $3,361,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares in the last quarter. Empowered Funds LLC boosted its position in Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after buying an additional 918 shares during the period. Woodline Partners LP grew its stake in shares of Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Rollins by 6.6% in the second quarter. Parallel Advisors LLC now owns 11,663 shares of the business services provider’s stock valued at $658,000 after acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROL shares. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $72.00 in a research note on Wednesday, December 17th. Wells Fargo & Company set a $63.00 price objective on Rollins and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Rollins in a research note on Tuesday, December 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.92.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 1,520 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $59.40, for a total transaction of $90,288.00. Following the transaction, the chairman owned 607,587 shares of the company’s stock, valued at approximately $36,090,667.80. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider owned 29,231 shares in the company, valued at $1,755,613.86. This trade represents a 7.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,707 shares of company stock valued at $515,664 in the last 90 days. 4.47% of the stock is currently owned by insiders.

Rollins Price Performance

ROL stock opened at $61.61 on Wednesday. The business has a 50 day moving average price of $59.93 and a 200 day moving average price of $57.96. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $29.86 billion, a price-to-earnings ratio of 57.58 and a beta of 0.79. Rollins, Inc. has a fifty-two week low of $46.24 and a fifty-two week high of $61.84.

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

Rollins Increases Dividend

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

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.