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

Atria Investments Inc cut its position in shares of Rollins, Inc. (NYSE:ROL) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,621 shares of the business services provider’s stock after selling 4,161 shares during the period. Atria Investments Inc’s holdings in Rollins were worth $10,416,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of Rollins during the 2nd quarter worth about $77,000. QRG Capital Management Inc. increased its stake in Rollins by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock worth $495,000 after buying an additional 572 shares during the period. Gallacher Capital Management LLC purchased a new position in Rollins in the 2nd quarter worth about $256,000. Select Equity Group L.P. purchased a new position in Rollins in the 1st quarter worth about $27,398,000. Finally, Pallas Capital Advisors LLC boosted its position in Rollins by 86.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 7,734 shares of the business services provider’s stock valued at $436,000 after buying an additional 3,575 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research report on Thursday. Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Finally, Piper Sandler boosted their price objective 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. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.27.

Rollins Price Performance

Shares of ROL opened at $57.71 on Friday. The company has a 50 day moving average price of $56.76 and a 200-day moving average price of $56.72. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.12. The stock has a market capitalization of $27.97 billion, a PE ratio of 53.94 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share 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 in the prior year, the company earned $0.29 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

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