Allianz Asset Management GmbH Trims Stock Holdings in Rollins, Inc. $ROL

Allianz Asset Management GmbH decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 34.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,977 shares of the business services provider’s stock after selling 37,738 shares during the quarter. Allianz Asset Management GmbH’s holdings in Rollins were worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Money Concepts Capital Corp raised its stake in shares of Rollins by 50.8% during the 3rd quarter. Money Concepts Capital Corp now owns 8,337 shares of the business services provider’s stock valued at $490,000 after purchasing an additional 2,810 shares during the period. AGF Management Ltd. grew its holdings in Rollins by 9.0% during the 3rd quarter. AGF Management Ltd. now owns 58,043 shares of the business services provider’s stock valued at $3,409,000 after buying an additional 4,779 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of Rollins by 2.1% during the third quarter. Bridges Investment Management Inc. now owns 262,107 shares of the business services provider’s stock valued at $15,396,000 after buying an additional 5,444 shares during the period. State of Wyoming lifted its holdings in shares of Rollins by 42.0% in the third quarter. State of Wyoming now owns 4,581 shares of the business services provider’s stock worth $269,000 after buying an additional 1,355 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Rollins by 100.9% in the third quarter. Jones Financial Companies Lllp now owns 17,699 shares of the business services provider’s stock valued at $1,034,000 after acquiring an additional 8,889 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Trading Up 1.0%

Shares of ROL stock opened at $64.93 on Wednesday. The business has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $58.99. Rollins, Inc. has a 12-month low of $49.16 and a 12-month high of $65.12. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $31.47 billion, a P/E ratio of 60.68 and a beta of 0.78.

Rollins Announces Dividend

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

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 5,344 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $335,763.52. Following the transaction, the chairman directly owned 594,705 shares in the company, valued at $37,365,315.15. This trade represents a 0.89% decrease in their ownership of the stock. The sale 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 Rollins stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $56,111.62. Following the transaction, the insider directly owned 28,344 shares in the company, valued at $1,793,041.44. This trade represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 61,545 shares of company stock valued at $3,850,173 over the last 90 days. Company insiders own 4.47% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $58.00 to $72.00 in a research note on Wednesday, December 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research report on Thursday, October 30th. Jefferies Financial Group set a $66.00 price objective on Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. UBS Group set a $65.00 target price on Rollins in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group set a $55.00 price target on Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.67.

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.