Rollins, Inc. $ROL Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,406,349 shares of the business services provider’s stock after selling 55,752 shares during the quarter. TD Asset Management Inc’s holdings in Rollins were worth $84,409,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after buying an additional 1,620 shares during the last quarter. Empowered Funds LLC raised its position in Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after buying an additional 918 shares during the last quarter. Woodline Partners LP raised its position in Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after buying an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after buying an additional 239,361 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Trending Headlines about Rollins

Here are the key news stories impacting Rollins this week:

• Negative Sentiment: Bernstein downgraded Rollins, Inc. (ROL) to Market Perform and slashed its price target, pointing to uncertainty after the CFO resignation. Rollins (ROL) – Among the 10 Oversold Dividend Growth Stocks to Buy
• Neutral Sentiment: Rollins provided an update on the screwworm situation, and USDA officials said they expect to contain the Texas case; this is more of a regulatory/industry update than a direct earnings catalyst. Rollins offers screwworm update
• Neutral Sentiment: The company also drew attention in a farm policy discussion over glyphosate, SNAP, and farm income, but the article does not indicate a direct business impact for Rollins’ pest-control operations. Rollins spars with Democrats over glyphosate, SNAP, farm income
• Neutral Sentiment: Analysts overall still rate Rollins, Inc. (ROL) as a Moderate Buy, which may help limit downside despite the recent downgrade. Rollins, Inc. (NYSE:ROL) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Rollins’ presentation at the William Blair Growth Stock Conference is unlikely to move the stock on its own unless management offered new guidance or commentary. Rollins, Inc. (ROL) Presents at 46th Annual William Blair Growth Stock Conference Transcript

Rollins Price Performance

ROL opened at $46.57 on Friday. The company’s 50 day simple moving average is $53.24 and its 200 day simple moving average is $57.71. 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 1 year low of $44.43 and a 1 year high of $66.14. The stock has a market capitalization of $22.42 billion, a PE ratio of 42.72, a P/E/G ratio of 2.82 and a beta of 0.73.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) 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 business had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same period last year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be given 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 1.6%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley set a $70.00 price objective on shares of Rollins in a research report on Friday, February 13th. Loop Capital initiated coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. Weiss Ratings downgraded shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. Finally, UBS Group raised their target price on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Rollins 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.