Robinhood Asset Management LLC Makes New $980,000 Investment in Rollins, Inc. $ROL

Robinhood Asset Management LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,334 shares of the business services provider’s stock, valued at approximately $980,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the period. Woodline Partners LP lifted its holdings in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. boosted its position in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in Rollins in the second quarter valued at approximately $295,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total value of $842,971.36. Following the sale, the insider owned 55,977 shares in the company, valued at $3,322,794.72. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gary W. Rollins sold 19,094 shares of Rollins stock in a transaction dated Monday, January 26th. The stock was 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 owned 5,322,469 shares in the company, valued at approximately $336,699,388.94. The trade was a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 69,435 shares of company stock valued at $4,321,384. Insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ROL shares. UBS Group set a $65.00 price objective on shares of Rollins in a report on Wednesday, January 21st. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Canaccord Genuity Group set a $52.00 target price on Rollins and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Morgan Stanley set a $70.00 target price on shares of Rollins in a research note on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.08.

Rollins Stock Performance

Shares of ROL stock opened at $54.11 on Tuesday. The company has a market capitalization of $26.08 billion, a P/E ratio of 49.64, a P/E/G ratio of 3.33 and a beta of 0.84. Rollins, Inc. has a 12-month low of $49.73 and a 12-month high of $66.14. The business’s 50 day moving average is $58.40 and its two-hundred day moving average is $58.89. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $925.08 million. During the same quarter last year, the business earned $0.22 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Rollins Company Profile

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.