Wellington Management Group LLP Has $119.70 Million Stake in Rollins, Inc. $ROL

Wellington Management Group LLP lowered its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,867,717 shares of the business services provider’s stock after selling 198,859 shares during the period. Wellington Management Group LLP’s holdings in Rollins were worth $119,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. DV Equities LLC acquired a new position in shares of Rollins in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC increased its stake in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares in the last quarter. Westpac Banking Corp acquired a new position in Rollins in the 2nd quarter worth $42,000. Fideuram Asset Management Ireland dac acquired a new position in Rollins during the 4th quarter worth approximately $43,000. Finally, Quarry LP grew its stake in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after acquiring an additional 450 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Zacks Research cut Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Morgan Stanley lowered their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Finally, Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Rollins has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Up 0.3%

Shares of NYSE:ROL opened at $36.17 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $35.81 and a 12-month high of $66.14. The business has a fifty day simple moving average of $39.99 and a 200 day simple moving average of $48.84. The firm has a market cap of $17.40 billion, a P/E ratio of 32.88, a P/E/G ratio of 3.95 and a beta of 0.74.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s payout ratio is presently 66.36%.

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.