Allstate Corp Buys Shares of 9,972 Rollins, Inc. $ROL

Allstate Corp purchased a new position in shares of Rollins, Inc. (NYSE:ROLFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,972 shares of the business services provider’s stock, valued at approximately $586,000.

A number of other hedge funds have also made changes to their positions in ROL. Caitong International Asset Management Co. Ltd acquired a new position in Rollins during the second quarter valued at approximately $30,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after buying an additional 269 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Rollins in the 2nd quarter valued at $42,000. TruNorth Capital Management LLC acquired a new position in Rollins in the 3rd quarter valued at $45,000. Finally, First Horizon Corp bought a new position in Rollins in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.1%

ROL opened at $63.34 on Friday. Rollins, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $63.56. 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’s fifty day moving average price is $60.52 and its two-hundred day moving average price is $58.25. The company has a market capitalization of $30.70 billion, a P/E ratio of 59.20 and a beta of 0.79.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion during 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 business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm 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 annualized dividend 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 (DPR) is currently 68.22%.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

Insider Transactions 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 shares were sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the transaction, the chairman 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction that occurred 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 sale, the insider directly owned 29,231 shares in the company, valued at $1,755,613.86. The trade was a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,707 shares of company stock valued at $515,664. Corporate insiders own 4.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ROL. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $72.00 in a research report on Friday, December 5th. Finally, Wells Fargo & Company increased their price objective on Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.67.

View Our Latest Stock Report on Rollins

About Rollins

(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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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