Rollins, Inc. $ROL Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of Rollins, Inc. (NYSE:ROL) by 1,332.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 211,648 shares of the business services provider’s stock after purchasing an additional 196,871 shares during the quarter. Moran Wealth Management LLC’s holdings in Rollins were worth $11,941,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Security Financial Services INC. raised its holdings in shares of Rollins by 3.2% in the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after acquiring an additional 178 shares during the last quarter. Red Spruce Capital LLC raised its holdings in shares of Rollins by 1.2% in the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after acquiring an additional 182 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Rollins by 1.7% in the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after acquiring an additional 214 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Rollins by 5.8% in the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after acquiring an additional 224 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Rollins by 2.8% in the second quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock worth $465,000 after acquiring an additional 225 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $56.06 on Tuesday. The firm has a market capitalization of $27.17 billion, a P/E ratio of 55.51 and a beta of 0.69. The stock has a fifty day moving average price of $57.24 and a 200 day moving average price of $56.48. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.12. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 11th. Rollins’s payout ratio is 65.35%.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price target for the company. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Finally, UBS Group boosted their price target on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.