Rollins, Inc. $ROL Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Rollins, Inc. (NYSE:ROLFree Report) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 498,261 shares of the business services provider’s stock after selling 50,708 shares during the period. Russell Investments Group Ltd.’s holdings in Rollins were worth $29,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Rollins by 16.2% in the second quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock valued at $7,224,000 after purchasing an additional 17,845 shares in the last quarter. Savant Capital LLC increased its stake in shares of Rollins by 7.2% during the 2nd quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock worth $1,208,000 after purchasing an additional 1,435 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Rollins by 11.0% during the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock worth $8,958,000 after purchasing an additional 15,699 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in Rollins by 607.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after buying an additional 68,647 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Rollins by 40.9% during the 3rd quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after buying an additional 315,456 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Gary W. Rollins sold 10,355 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $650,604.65. Following the completion of the sale, the chairman directly owned 5,312,114 shares in the company, valued at approximately $333,760,122.62. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $82,118.81. Following the transaction, the chief executive officer directly owned 327,079 shares of the company’s stock, valued at $20,550,373.57. This trade represents a 0.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 70,955 shares of company stock valued at $4,411,672. 4.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent research reports. Morgan Stanley set a $70.00 price objective on Rollins in a research report on Friday, February 13th. Canaccord Genuity Group set a $52.00 target price on shares of Rollins and gave the company a “hold” rating in a report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Finally, Bank of America started coverage on shares of Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and a consensus price target of $66.08.

Check Out Our Latest Stock Report on Rollins

Rollins Stock Performance

Rollins stock opened at $55.59 on Friday. The stock has a fifty day moving average price of $61.04 and a 200 day moving average price of $59.19. Rollins, Inc. has a 52 week low of $49.73 and a 52 week high of $66.14. The firm has a market capitalization of $26.74 billion, a P/E ratio of 51.00, a PEG ratio of 3.46 and a beta of 0.80. 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:ROLGet Free Report) last issued its quarterly 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). The business had revenue of $912.91 million during the quarter, compared to analyst estimates of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. Equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

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

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

Rollins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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