Rollins, Inc. $ROL Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 53.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,746 shares of the business services provider’s stock after selling 13,355 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Rollins were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Journey Strategic Wealth LLC acquired a new position in Rollins in the third quarter valued at approximately $378,000. Aviso Financial Inc. raised its position in shares of Rollins by 39.7% during the 3rd quarter. Aviso Financial Inc. now owns 21,998 shares of the business services provider’s stock worth $1,292,000 after purchasing an additional 6,252 shares during the period. Huntington National Bank lifted its holdings in shares of Rollins by 23.8% in the 3rd quarter. Huntington National Bank now owns 11,141 shares of the business services provider’s stock worth $654,000 after purchasing an additional 2,139 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Rollins by 12.2% in the 3rd quarter. Quantbot Technologies LP now owns 52,859 shares of the business services provider’s stock worth $3,105,000 after purchasing an additional 5,736 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Rollins by 30.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 94,678 shares of the business services provider’s stock valued at $5,561,000 after purchasing an additional 21,886 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 14,201 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total transaction of $842,971.36. Following the sale, the insider directly owned 55,977 shares in the company, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gary W. Rollins sold 10,355 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was 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 of the company’s stock, valued at approximately $333,760,122.62. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 73,351 shares of company stock valued at $4,554,785. Corporate insiders own 4.47% of the company’s stock.

Rollins Stock Up 0.3%

Shares of Rollins stock opened at $58.34 on Friday. The business’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $59.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. The company has a market capitalization of $28.07 billion, a P/E ratio of 53.52, a PEG ratio of 3.59 and a beta of 0.80. Rollins, Inc. has a 1-year low of $49.73 and a 1-year high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results 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). The business had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.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 posted $0.22 EPS. As a group, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued 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 1.3%. Rollins’s dividend payout ratio is presently 66.97%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Morgan Stanley set a $70.00 price target on shares of Rollins in a report on Friday, February 13th. Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.