Atria Investments Inc Reduces Holdings in Rollins, Inc. $ROL

Atria Investments Inc reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,914 shares of the business services provider’s stock after selling 20,371 shares during the period. Atria Investments Inc’s holdings in Rollins were worth $9,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in Rollins during the 3rd quarter valued at approximately $1,739,000. Jefferies Financial Group Inc. increased its holdings in Rollins by 607.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after purchasing an additional 68,647 shares during the last quarter. National Pension Service raised its position in shares of Rollins by 353.2% in the 3rd quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after purchasing an additional 16,771 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Rollins by 40.9% during the 3rd quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after buying an additional 315,456 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Rollins by 19.2% during the 3rd quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock valued at $9,803,000 after buying an additional 26,867 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 14,201 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the completion of the transaction, the insider owned 55,977 shares in the company, valued at $3,322,794.72. The trade was a 20.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ROL shares. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Bank of America assumed coverage on shares of Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective for the company. Loop Capital started coverage on shares of Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 target price on the stock. UBS Group lifted their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company set a $56.00 price objective on Rollins and gave the company an “equal weight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

Rollins Trading Up 1.1%

NYSE ROL opened at $53.39 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. Rollins, Inc. has a one year low of $51.95 and a one year high of $66.14. The company has a 50-day simple moving average of $54.72 and a 200-day simple moving average of $58.48. The firm has a market capitalization of $25.71 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 3.25 and a beta of 0.79.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.