Allspring Global Investments Holdings LLC Trims Position in Rollins, Inc. $ROL

Allspring Global Investments Holdings LLC reduced its position in Rollins, Inc. (NYSE:ROL) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 530,199 shares of the business services provider’s stock after selling 53,421 shares during the period. Allspring Global Investments Holdings LLC owned about 0.11% of Rollins worth $31,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. lifted its position in Rollins by 41.2% during the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock worth $319,224,000 after buying an additional 1,649,676 shares during the period. Vanguard Group Inc. grew its holdings in Rollins by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider’s stock valued at $2,156,949,000 after buying an additional 1,480,306 shares during the period. Marshall Wace LLP increased its stake in shares of Rollins by 78.0% during the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock valued at $128,788,000 after acquiring an additional 1,000,185 shares during the last quarter. Select Equity Group L.P. increased its stake in shares of Rollins by 149.6% during the 2nd quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock valued at $71,402,000 after acquiring an additional 758,462 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Rollins by 1,240.6% during the 2nd quarter. Federated Hermes Inc. now owns 771,806 shares of the business services provider’s stock worth $43,545,000 after acquiring an additional 714,235 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Up 0.8%

NYSE ROL opened at $53.91 on Friday. Rollins, Inc. has a one year low of $49.73 and a one year high of $66.14. The company’s 50 day moving average price is $58.77 and its 200 day moving average price is $58.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.60. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 3.30 and a beta of 0.84.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were given 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 66.97%.

Insider Activity

In other Rollins news, insider Thomas D. Tesh sold 887 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $63.26, for a total value of $56,111.62. Following the transaction, the insider directly owned 28,344 shares of the company’s stock, valued at $1,793,041.44. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Gary W. Rollins sold 10,355 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $650,604.65. Following the completion of the sale, the chairman directly owned 5,312,114 shares of the company’s stock, valued at $333,760,122.62. The trade was a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,435 shares of company stock worth $4,321,384 in the last quarter. Insiders own 4.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROL. UBS Group set a $65.00 target price on shares of Rollins in a report on Wednesday, January 21st. Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the company an “equal weight” rating in a report on Thursday, February 12th. Bank of America started coverage on shares of Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective for the company. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Finally, Royal Bank Of Canada set a $67.00 target price on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.08.

About Rollins

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.