Citigroup Inc. Raises Position in Rollins, Inc. $ROL

Citigroup Inc. boosted its position in Rollins, Inc. (NYSE:ROL) by 93.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 671,754 shares of the business services provider’s stock after purchasing an additional 323,907 shares during the period. Citigroup Inc. owned about 0.14% of Rollins worth $39,459,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Rollins during the 3rd quarter valued at $31,000. TD Waterhouse Canada Inc. raised its stake in Rollins by 58.4% in the 2nd 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 during the period. CYBER HORNET ETFs LLC purchased a new stake in Rollins during the second quarter valued at about $42,000. TruNorth Capital Management LLC purchased a new stake in Rollins during the third quarter valued at about $45,000. Finally, First Horizon Corp bought a new position in Rollins during the third quarter worth about $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 7,538 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the sale, the chairman directly owned 600,049 shares of the company’s stock, valued at $37,959,099.74. This trade represents a 1.24% 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, CEO Jerry Jr. Gahlhoff sold 4,510 shares of Rollins stock in a transaction that occurred 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 sale, the chief executive officer owned 328,386 shares of the company’s stock, valued at approximately $20,773,698.36. The trade was a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 59,150 shares of company stock valued at $3,711,814 in the last 90 days. 4.47% of the stock is owned by company insiders.

Rollins Stock Up 0.3%

ROL opened at $60.55 on Wednesday. The firm has a market capitalization of $29.13 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 3.72 and a beta of 0.78. Rollins, Inc. has a one year low of $49.73 and a one year high of $66.14. The company has a fifty day moving average price of $61.54 and a 200-day moving average price of $59.17. 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 (NYSE:ROL) last posted 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 net margin of 14.00% and a return on equity of 38.16%. The business had revenue of $912.91 million for the quarter, compared to the consensus estimate of $925.08 million. During the same period in the prior year, the business posted $0.22 EPS. Rollins’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. Rollins’s payout ratio is presently 66.97%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Royal Bank Of Canada set a $67.00 price target on shares of Rollins and gave the company an “outperform” rating in a research report on Thursday, February 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Finally, Wells Fargo & Company set a $56.00 price objective on Rollins and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.