Glenmede Trust Co. NA Grows Stock Holdings in Rollins, Inc. $ROL

Glenmede Trust Co. NA lifted its holdings in Rollins, Inc. (NYSE:ROL) by 820.9% during the first quarter, Holdings Channel reports. The fund owned 43,448 shares of the business services provider’s stock after buying an additional 38,730 shares during the quarter. Glenmede Trust Co. NA’s holdings in Rollins were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ROL. National Pension Service raised its position in Rollins by 138.3% during the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares in the last quarter. USS Investment Management Ltd boosted its position in Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Rollins by 16.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after purchasing an additional 31,173 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Rollins by 73.3% during the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after purchasing an additional 794,722 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Rollins by 22.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 273,680 shares of the business services provider’s stock worth $16,627,000 after purchasing an additional 49,612 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROL shares. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Piper Sandler cut their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

Shares of NYSE ROL opened at $37.79 on Wednesday. The firm has a market cap of $18.18 billion, a PE ratio of 34.36, a PEG ratio of 4.14 and a beta of 0.75. The firm has a fifty day moving average of $43.99 and a 200 day moving average of $52.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a one year low of $36.59 and a one year high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts predict that Rollins, Inc. will post 1.2 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 10th. Rollins’s payout ratio is presently 66.36%.

Rollins 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.