Moran Wealth Management LLC Sells 30,586 Shares of Rollins, Inc. $ROL

Moran Wealth Management LLC decreased its position in Rollins, Inc. (NYSE:ROL) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,489 shares of the business services provider’s stock after selling 30,586 shares during the period. Moran Wealth Management LLC owned about 0.05% of Rollins worth $13,966,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% during the first 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 period. Empowered Funds LLC lifted its position in Rollins by 16.7% in 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 position in Rollins by 40.7% in 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. lifted 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 worth $47,000 after purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP boosted its stake in Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after buying an additional 239,361 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $43.41 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market capitalization of $20.90 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. Rollins, Inc. has a one year low of $41.50 and a one year high of $66.14. The business has a 50 day simple moving average of $49.38 and a 200 day simple moving average of $55.50.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the prior year, the business posted $0.22 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.7%. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ROL shares. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Loop Capital initiated coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Finally, Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $70.00 to $52.00 in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.07.

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.