Rollins, Inc. $ROL Stock Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 127.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,390 shares of the business services provider’s stock after purchasing an additional 15,909 shares during the quarter. Vise Technologies Inc.’s holdings in Rollins were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROL. Raiffeisen Bank International AG increased its stake in shares of Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of Rollins in the second quarter valued at approximately $42,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Rollins by 137.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 716 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Rollins during the 2nd quarter valued at approximately $88,000. Finally, Assetmark Inc. lifted its stake in shares of Rollins by 38.7% during the 1st quarter. Assetmark Inc. now owns 2,166 shares of the business services provider’s stock valued at $116,000 after buying an additional 604 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 1.8%

Shares of ROL opened at $38.63 on Tuesday. The business’s 50-day moving average price is $33.68 and its 200-day moving average price is $46.25. Rollins, Inc. has a twelve month low of $29.28 and a twelve month high of $66.14. The stock has a market cap of $18.47 billion, a PE ratio of 35.44, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.14 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.20 per share. This is a boost from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Rollins’s payout ratio is currently 66.97%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup raised shares of Rollins from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $32.00 to $49.00 in a report on Monday. Bank of America cut shares of Rollins from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $35.00 in a report on Thursday, July 23rd. Wells Fargo & Company increased their target price on Rollins from $26.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Piper Sandler lowered Rollins from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $33.00 in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.56.

Rollins Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.