Rollins, Inc. $ROL Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its position in Rollins, Inc. (NYSE:ROL) by 40.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,199 shares of the business services provider’s stock after selling 11,230 shares during the quarter. Cresset Asset Management LLC’s holdings in Rollins were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Rollins by 6.4% during the third quarter. Victory Capital Management Inc. now owns 268,974 shares of the business services provider’s stock worth $15,800,000 after buying an additional 16,200 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in Rollins during the third quarter worth approximately $378,000. Aviso Financial Inc. boosted its position in Rollins by 39.7% during the third quarter. Aviso Financial Inc. now owns 21,998 shares of the business services provider’s stock worth $1,292,000 after acquiring an additional 6,252 shares during the last quarter. Huntington National Bank grew its stake in Rollins by 23.8% in the 3rd quarter. Huntington National Bank now owns 11,141 shares of the business services provider’s stock worth $654,000 after acquiring an additional 2,139 shares during the period. Finally, Quantbot Technologies LP grew its stake in Rollins by 12.2% in the 3rd quarter. Quantbot Technologies LP now owns 52,859 shares of the business services provider’s stock worth $3,105,000 after acquiring an additional 5,736 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROL has been the topic of a number of recent analyst reports. Morgan Stanley set a $70.00 price target on Rollins in a research note on Friday, February 13th. Bank of America initiated coverage on Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Wells Fargo & Company set a $56.00 target price on Rollins and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. UBS Group set a $65.00 price target on Rollins in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.08.

Insider Activity at Rollins

In other news, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $82,118.81. Following the completion of the sale, the chief executive officer owned 327,079 shares of the company’s stock, valued at $20,550,373.57. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 887 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $56,111.62. Following the completion of the transaction, the insider directly owned 28,344 shares in the company, valued at approximately $1,793,041.44. This represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,351 shares of company stock valued at $4,554,785 over the last quarter. Company insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $56.23 on Wednesday. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 51.58, a price-to-earnings-growth ratio of 3.55 and a beta of 0.80. Rollins, Inc. has a 12 month low of $49.73 and a 12 month high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. The stock’s 50-day moving average is $61.21 and its 200-day moving average is $59.24.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $912.91 million for the quarter, compared to analysts’ expectations of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, February 25th. Rollins’s payout ratio is currently 66.97%.

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.