Rollins, Inc. $ROL Stake Increased by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd raised its position in Rollins, Inc. (NYSE:ROL) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,000 shares of the business services provider’s stock after purchasing an additional 5,000 shares during the quarter. Rollins accounts for approximately 3.9% of Montanaro Asset Management Ltd’s holdings, making the stock its 8th biggest holding. Montanaro Asset Management Ltd owned approximately 0.05% of Rollins worth $14,951,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Security Financial Services INC. grew its stake in Rollins by 3.2% in the 1st 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 in the last quarter. Red Spruce Capital LLC lifted its position in Rollins by 1.2% during the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock valued at $896,000 after acquiring an additional 182 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in Rollins by 1.7% during the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock valued at $710,000 after acquiring an additional 214 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in Rollins by 9.2% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 220 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock valued at $219,000 after acquiring an additional 224 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Down 0.3%

Shares of Rollins stock opened at $57.62 on Monday. 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 firm has a fifty day moving average price of $56.75 and a 200 day moving average price of $56.75. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.12. The stock has a market cap of $27.92 billion, a PE ratio of 53.85 and a beta of 0.69.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio is 68.22%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price for the company. Piper Sandler increased their target price 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. Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the company an “overweight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $64.00 price target on shares of Rollins in a report on Thursday. Finally, UBS Group raised their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.73.

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.