Vanguard Group Inc. Has $2.16 Billion Position in Rollins, Inc. $ROL

Vanguard Group Inc. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,720,282 shares of the business services provider’s stock after acquiring an additional 1,480,306 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Rollins worth $2,156,949,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Rollins in the second quarter valued at $30,000. Root Financial Partners LLC bought a new position in shares of Rollins in the third quarter worth $31,000. TD Waterhouse Canada Inc. raised its position in shares of Rollins by 58.4% in the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after buying an additional 269 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Rollins during the 2nd quarter valued at about $42,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Rollins during the third quarter worth about $45,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Rollins in a report on Thursday, October 30th. Bank of America began coverage on Rollins in a research report on Tuesday. They set a “buy” rating and a $67.00 price target on the stock. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, November 3rd. Canaccord Genuity Group set a $52.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Friday, February 13th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 5,344 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $335,763.52. Following the completion of the sale, the chairman owned 594,705 shares in the company, valued at approximately $37,365,315.15. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $82,118.81. Following the completion of the sale, the chief executive officer directly owned 327,079 shares of the company’s stock, valued at approximately $20,550,373.57. This trade represents a 0.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 59,150 shares of company stock valued at $3,711,814. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Performance

Shares of NYSE ROL opened at $60.79 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12-month low of $49.73 and a 12-month high of $66.14. The firm has a market capitalization of $29.24 billion, a price-to-earnings ratio of 55.89, a price-to-earnings-growth ratio of 3.71 and a beta of 0.78. The firm has a 50 day moving average of $61.48 and a 200 day moving average of $59.11.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Rollins had a net margin of 14.00% and a return on equity of 38.16%. The business had revenue of $912.91 million for the quarter, compared to the consensus estimate of $925.08 million. During the same period last year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.1825 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. Rollins’s payout ratio is 66.97%.

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.