Swiss Life Asset Management Ltd Sells 46,021 Shares of Rollins, Inc. $ROL

Swiss Life Asset Management Ltd lowered its position in shares of Rollins, Inc. (NYSE:ROLFree Report) by 46.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,493 shares of the business services provider’s stock after selling 46,021 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Rollins were worth $3,083,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Rollins during the third quarter worth about $31,000. TD Waterhouse Canada Inc. boosted its holdings 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 purchasing an additional 269 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Rollins during the 2nd quarter worth approximately $42,000. TruNorth Capital Management LLC bought a new position in shares of Rollins during the third quarter worth approximately $45,000. Finally, First Horizon Corp bought a new position in shares of Rollins during the third quarter worth approximately $47,000. Institutional investors own 51.79% of the company’s stock.

Key Rollins News

Here are the key news stories impacting Rollins this week:

Insider Buying and Selling

In related news, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $63.26, for a total value of $285,302.60. Following the sale, the chief executive officer directly owned 328,386 shares of the company’s stock, valued at $20,773,698.36. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Gary W. Rollins sold 19,094 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $1,207,886.44. Following the completion of the sale, the chairman directly owned 5,322,469 shares in the company, valued at $336,699,388.94. This trade represents a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,435 shares of company stock worth $4,321,384. 4.47% of the stock is owned by company insiders.

Rollins Stock Performance

Shares of Rollins stock opened at $53.26 on Monday. The company has a 50 day moving average of $60.43 and a 200-day moving average of $59.15. Rollins, Inc. has a 1-year low of $49.73 and a 1-year high of $66.14. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The company has a market cap of $25.67 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 3.28 and a beta of 0.80.

Rollins (NYSE:ROLGet Free Report) last posted 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 firm had revenue of $912.91 million for the quarter, compared to analyst estimates of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a $0.1825 dividend. 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 (DPR) is currently 66.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ROL shares. Bank of America assumed coverage on Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the company an “outperform” rating in a report on Thursday, February 12th. Canaccord Genuity Group set a $52.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, February 13th. Finally, UBS Group set a $65.00 target price on Rollins in a report on Wednesday, January 21st. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Check Out Our Latest Research Report on ROL

About Rollins

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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