SG Americas Securities LLC Has $979,000 Holdings in Rollins, Inc. $ROL

SG Americas Securities LLC trimmed its holdings in shares of Rollins, Inc. (NYSE:ROLFree Report) by 32.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,671 shares of the business services provider’s stock after selling 7,994 shares during the period. SG Americas Securities LLC’s holdings in Rollins were worth $979,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its stake 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 valued at $7,224,000 after buying an additional 17,845 shares during the period. Savant Capital LLC increased its stake 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 valued at $1,208,000 after acquiring an additional 1,435 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Rollins by 11.0% in the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock valued at $8,958,000 after acquiring an additional 15,699 shares during the period. Marshall Wace LLP boosted its stake in Rollins by 78.0% during the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock worth $128,788,000 after acquiring an additional 1,000,185 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Rollins by 139.5% during the third quarter. Assenagon Asset Management S.A. now owns 416,737 shares of the business services provider’s stock valued at $24,479,000 after purchasing an additional 242,699 shares during the period. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Wells Fargo & Company lifted their target price on Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $58.00 to $72.00 in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. began coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.33.

Read Our Latest Stock Report on ROL

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the completion of the transaction, the insider owned 29,231 shares of the company’s stock, valued at approximately $1,755,613.86. This trade represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John F. Wilson sold 1,520 shares of the business’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 sale, the chairman directly owned 607,587 shares in the company, valued at $36,090,667.80. This trade represents a 0.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have 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 corporate insiders.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

Rollins Stock Performance

Shares of Rollins stock opened at $62.78 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market cap of $30.42 billion, a price-to-earnings ratio of 58.67 and a beta of 0.79. The stock’s 50-day moving average is $60.13 and its 200-day moving average is $58.09. Rollins, Inc. has a one year low of $48.17 and a one year high of $62.81.

Rollins (NYSE:ROLGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

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

Rollins Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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