Aberdeen Group plc Sells 33,263 Shares of Rollins, Inc. $ROL

Aberdeen Group plc decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,252 shares of the business services provider’s stock after selling 33,263 shares during the period. Aberdeen Group plc’s holdings in Rollins were worth $13,460,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its holdings in Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP raised its holdings in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Rollins by 5.6% in the second quarter. M&T Bank Corp now owns 9,522 shares of the business services provider’s stock worth $537,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.9%

Shares of NYSE:ROL opened at $53.64 on Wednesday. The company has a market cap of $25.85 billion, a P/E ratio of 49.21, a PEG ratio of 3.33 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. Rollins, Inc. has a 1 year low of $50.15 and a 1 year high of $66.14. The stock’s fifty day moving average price is $58.21 and its 200-day moving average price is $58.88.

Rollins (NYSE:ROL) last announced its quarterly 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 business had revenue of $912.91 million for the quarter, compared to the consensus estimate of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Rollins’s dividend payout ratio is presently 66.97%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the transaction, the insider directly owned 55,977 shares of the company’s stock, valued at $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $60.06, for a total transaction of $143,903.76. Following the completion of the sale, the insider directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 69,435 shares of company stock valued at $4,321,384. Corporate insiders own 4.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ROL shares. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the stock an “outperform” rating in a 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. UBS Group set a $65.00 price objective on Rollins in a report on Wednesday, January 21st. Finally, Bank of America initiated coverage on Rollins in a report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Rollins presently has an average rating of “Moderate Buy” and a consensus target price 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.