IFP Advisors Inc Acquires 4,362 Shares of Rollins, Inc. $ROL

IFP Advisors Inc raised its holdings in Rollins, Inc. (NYSE:ROL) by 92.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,058 shares of the business services provider’s stock after acquiring an additional 4,362 shares during the quarter. IFP Advisors Inc’s holdings in Rollins were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ROL. GW&K Investment Management LLC grew its position in Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Rollins by 75.8% in the 1st 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 during 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 acquiring an additional 462 shares during the last quarter. HM Payson & Co. bought a new position in Rollins in the 1st quarter valued at $63,000. Finally, Ameritas Advisory Services LLC bought a new position in Rollins in the 2nd quarter valued at $77,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 1.5%

Shares of NYSE ROL opened at $56.94 on Wednesday. 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 $27.59 billion, a P/E ratio of 56.37 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The business has a fifty day moving average price of $57.22 and a 200 day moving average price of $56.48.

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

Rollins Announces Dividend

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

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the company’s 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 sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. UBS Group upped their target price on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Finally, Zacks Research cut Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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.