Legal & General Group Plc Reduces Holdings in Rollins, Inc. $ROL

Legal & General Group Plc lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,998,728 shares of the business services provider’s stock after selling 50,128 shares during the period. Legal & General Group Plc owned about 0.41% of Rollins worth $119,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirabella Financial Services LLP purchased a new stake in shares of Rollins in the third quarter valued at about $1,739,000. Jefferies Financial Group Inc. raised its holdings in Rollins by 607.7% during the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after purchasing an additional 68,647 shares in the last quarter. National Pension Service lifted its position in Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after purchasing an additional 16,771 shares during the period. Federated Hermes Inc. boosted its holdings in Rollins by 40.9% in the 3rd quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after purchasing an additional 315,456 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in Rollins by 19.2% in the 3rd quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock valued at $9,803,000 after purchasing an additional 26,867 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

ROL opened at $49.43 on Friday. Rollins, Inc. has a 1-year low of $49.39 and a 1-year high of $66.14. The stock has a market cap of $23.80 billion, a P/E ratio of 45.35, a P/E/G ratio of 3.10 and a beta of 0.79. The stock’s 50 day simple moving average is $53.96 and its 200 day simple moving average is $58.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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. The firm had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.Rollins’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, equities analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed 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 is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. Rollins’s payout ratio is currently 66.97%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ROL shares. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 target price for the company. Weiss Ratings lowered Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. UBS Group boosted their target price on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company lowered their price target on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average target price 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.