Envestnet Asset Management Inc. Has $72.65 Million Stock Holdings in Rollins, Inc. $ROL

Envestnet Asset Management Inc. decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,236,772 shares of the business services provider’s stock after selling 10,186 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Rollins worth $72,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rollins by 5.5% in 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 during the period. Empowered Funds LLC grew its position in Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP increased its stake in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 6,859 shares during the period. Geneos Wealth Management Inc. increased its stake in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Rollins in the 2nd quarter worth approximately $77,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ROL shares. Wells Fargo & Company upped their price target on shares of Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $72.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Rollins in a report on Tuesday, December 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Rollins in a research report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.67.

Rollins Stock Performance

Shares of NYSE ROL opened at $64.86 on Monday. The business’s 50-day simple moving average is $61.28 and its 200-day simple moving average is $58.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. Rollins, Inc. has a 52 week low of $49.16 and a 52 week high of $65.03. The firm has a market cap of $31.43 billion, a price-to-earnings ratio of 60.62 and a beta of 0.78.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, February 25th. Rollins’s payout ratio is presently 68.22%.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman Gary W. Rollins sold 10,355 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $650,604.65. Following the completion of the sale, the chairman directly owned 5,312,114 shares in the company, valued at $333,760,122.62. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John F. Wilson sold 5,344 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $335,763.52. Following the completion of the sale, the chairman directly owned 594,705 shares in the company, valued at approximately $37,365,315.15. This represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,545 shares of company stock worth $3,850,173 in the last quarter. 4.47% of the stock is owned by corporate insiders.

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.