Janney Montgomery Scott LLC Sells 12,967 Shares of Rollins, Inc. $ROL

Janney Montgomery Scott LLC lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,219 shares of the business services provider’s stock after selling 12,967 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Rollins were worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DV Equities LLC bought a new position in Rollins in the 4th quarter worth $25,000. Cornerstone Planning Group LLC grew its holdings in Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 354 shares during the period. Board of the Pension Protection Fund bought a new stake in Rollins during the fourth quarter valued at about $30,000. Torren Management LLC purchased a new stake in Rollins in the fourth quarter worth about $36,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Rollins in the fourth quarter worth about $43,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 0.1%

Shares of ROL stock opened at $43.41 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. The stock has a fifty day simple moving average of $49.38 and a two-hundred day simple moving average of $55.50. The firm has a market capitalization of $20.90 billion, a PE ratio of 39.83, a PEG ratio of 2.67 and a beta of 0.75. Rollins, Inc. has a 52-week low of $41.50 and a 52-week high of $66.14.

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

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio (DPR) is 66.97%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $70.00 to $52.00 in a report on Friday, May 29th. UBS Group raised their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.07.

About Rollins

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.