Achmea Investment Management B.V. Lowers Stock Holdings in Rollins, Inc. $ROL

Achmea Investment Management B.V. decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 30.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,840 shares of the business services provider’s stock after selling 15,823 shares during the quarter. Achmea Investment Management B.V.’s holdings in Rollins were worth $2,106,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in shares of Rollins in the third quarter worth approximately $31,000. TD Waterhouse Canada Inc. increased its position in shares of Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 269 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Rollins in the 2nd quarter worth approximately $42,000. TruNorth Capital Management LLC purchased a new position in Rollins in the 3rd quarter worth approximately $45,000. Finally, First Horizon Corp bought a new position in Rollins in the 3rd quarter valued at approximately $47,000. 51.79% of the stock is owned by institutional investors.

Rollins Trading Down 3.5%

Rollins stock opened at $53.89 on Thursday. The business has a 50-day simple moving average of $60.70 and a two-hundred day simple moving average of $59.17. The company has a market cap of $25.92 billion, a P/E ratio of 49.44, a P/E/G ratio of 3.44 and a beta of 0.80. Rollins, Inc. has a 52-week low of $49.73 and a 52-week high of $66.14. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.Rollins’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Rollins’s dividend payout ratio is currently 66.97%.

Insider Buying and Selling at Rollins

In other news, CEO Jerry Jr. Gahlhoff sold 4,510 shares of Rollins stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $285,302.60. Following the transaction, the chief executive officer owned 328,386 shares in the company, valued at $20,773,698.36. This trade represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John F. Wilson sold 7,538 shares of the business’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 $476,853.88. Following the sale, the chairman directly owned 600,049 shares of the company’s stock, valued at approximately $37,959,099.74. The trade was a 1.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,435 shares of company stock worth $4,321,384. Insiders own 4.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the company an “outperform” rating in a research report on Thursday, February 12th. Canaccord Genuity Group set a $52.00 price objective on Rollins and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Morgan Stanley set a $70.00 target price on Rollins in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Rollins 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.