abrdn plc Has $2.14 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

abrdn plc decreased its holdings in Rollins, Inc. (NYSE:ROLGet Rating) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,000 shares of the business services provider’s stock after selling 9,509 shares during the quarter. abrdn plc’s holdings in Rollins were worth $2,139,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Confluence Wealth Services Inc. acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $32,000. Retirement Planning Co of New England Inc. bought a new position in Rollins during the fourth quarter worth $49,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rollins in the fourth quarter valued at about $51,000. CWM LLC bought a new stake in shares of Rollins in the fourth quarter valued at about $52,000. Finally, Dupont Capital Management Corp raised its stake in Rollins by 30.4% in the first quarter. Dupont Capital Management Corp now owns 1,996 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $39.10 on Tuesday. The business has a 50 day moving average of $35.21 and a 200-day moving average of $33.84. Rollins, Inc. has a 1 year low of $28.50 and a 1 year high of $40.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $19.26 billion, a P/E ratio of 58.36 and a beta of 0.59.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 9th. Rollins’s dividend payout ratio is currently 59.70%.

Analysts Set New Price Targets

Several brokerages have commented on ROL. Wells Fargo & Company began coverage on Rollins in a research note on Tuesday, July 12th. They set an “equal weight” rating and a $37.00 target price for the company. Royal Bank of Canada boosted their target price on Rollins from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday, April 11th.

About Rollins

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Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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