Rollins, Inc. $ROL Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 14.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,020 shares of the business services provider’s stock after selling 845 shares during the period. Inspire Investing LLC’s holdings in Rollins were worth $283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted 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 purchasing an additional 548 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. National Pension Service boosted its stake in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the last quarter. HM Payson & Co. acquired a new stake in Rollins during the 1st quarter worth $63,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Rollins during the 2nd quarter worth $77,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Piper Sandler boosted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Tuesday. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. began coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and an average price target of $62.18.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.47% of the company’s stock.

Rollins Trading Down 1.4%

NYSE ROL opened at $55.21 on Friday. The firm’s 50-day moving average is $57.10 and its two-hundred day moving average is $56.49. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $26.76 billion, a P/E ratio of 54.66 and a beta of 0.69.

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

About Rollins

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.