US Bancorp DE trimmed its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 0.9% in the second quarter, HoldingsChannel.com reports. The fund owned 321,613 shares of the business services provider’s stock after selling 3,028 shares during the quarter. US Bancorp DE’s holdings in Rollins were worth $13,775,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Contravisory Investment Management Inc. raised its stake in shares of Rollins by 1.4% in the 2nd quarter. Contravisory Investment Management Inc. now owns 16,948 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 233 shares in the last quarter. abrdn plc increased its holdings in shares of Rollins by 0.3% in the 1st quarter. abrdn plc now owns 89,625 shares of the business services provider’s stock valued at $3,364,000 after acquiring an additional 256 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Rollins by 2.7% during the third quarter. Thrivent Financial for Lutherans now owns 9,871 shares of the business services provider’s stock worth $342,000 after purchasing an additional 258 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Rollins by 1.6% during the second quarter. Apollon Wealth Management LLC now owns 16,632 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 269 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in Rollins by 0.6% during the first quarter. NewEdge Wealth LLC now owns 49,178 shares of the business services provider’s stock valued at $1,846,000 after purchasing an additional 283 shares during the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Stifel Nicolaus raised shares of Rollins from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, October 20th. TheStreet lowered Rollins from a “b” rating to a “c+” rating in a report on Thursday, October 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, August 14th. Finally, StockNews.com began coverage on Rollins in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.20.
Rollins Stock Down 0.5 %
Shares of Rollins stock opened at $39.44 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.76. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $45.04. The business’s fifty day moving average price is $36.88 and its two-hundred day moving average price is $39.75. The company has a market capitalization of $19.09 billion, a P/E ratio of 47.52, a PEG ratio of 3.02 and a beta of 0.67.
Rollins (NYSE:ROL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $840.43 million during the quarter, compared to the consensus estimate of $824.35 million. Rollins had a net margin of 13.77% and a return on equity of 33.81%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share. As a group, research analysts forecast that Rollins, Inc. will post 0.89 EPS for the current year.
Rollins Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Rollins’s previous quarterly dividend of $0.13. Rollins’s dividend payout ratio (DPR) is currently 72.29%.
Insider Buying and Selling
In other news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of Rollins stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.39, for a total transaction of $1,530,692,503.46. Following the transaction, the insider now directly owns 164,581,449 shares in the company, valued at approximately $5,659,956,031.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of Rollins stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the transaction, the insider now owns 164,581,449 shares of the company’s stock, valued at approximately $5,659,956,031.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Russell Hardin bought 5,560 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average cost of $36.00 per share, with a total value of $200,160.00. Following the completion of the purchase, the director now owns 7,927 shares of the company’s stock, valued at $285,372. The disclosure for this purchase can be found here. 4.70% of the stock is owned by corporate insiders.
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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