DAVENPORT & Co LLC Has $873,000 Stock Holdings in Rollins, Inc. $ROL

DAVENPORT & Co LLC lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 5.0% during the second quarter, Holdings Channel.com reports. The firm owned 15,474 shares of the business services provider’s stock after acquiring an additional 741 shares during the period. DAVENPORT & Co LLC’s holdings in Rollins were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC raised its stake in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the period. CVA Family Office LLC increased its holdings in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 340 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares in the last quarter. National Pension Service grew its position in Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares during the period. Finally, HM Payson & Co. acquired a new stake in Rollins in the 1st quarter valued at $63,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.47% of the company’s stock.

Rollins Price Performance

ROL opened at $56.99 on Friday. The firm has a market cap of $27.62 billion, a P/E ratio of 56.43 and a beta of 0.69. The firm has a 50-day moving average of $57.29 and a 200 day moving average of $56.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.12.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million for the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. On average, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins’s dividend payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective on the stock. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Piper Sandler upped their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. UBS Group boosted their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Barclays lifted their target price on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.18.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.