Rollins, Inc. $ROL Shares Sold by Strive Financial Group LLC

Strive Financial Group LLC decreased its stake in Rollins, Inc. (NYSE:ROL) by 76.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,386 shares of the business services provider’s stock after selling 26,524 shares during the period. Strive Financial Group LLC’s holdings in Rollins were worth $350,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares during the period. Woodline Partners LP lifted its position in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after purchasing an additional 239,361 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BNP Paribas Exane dropped their price target on shares of Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Morgan Stanley decreased their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $46.00 to $32.00 in a research report on Friday, July 24th. Finally, UBS Group reissued a “neutral” rating and issued a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Hold” and an average target price of $48.71.

Rollins Trading Up 0.4%

ROL opened at $35.84 on Friday. Rollins, Inc. has a 12-month low of $35.25 and a 12-month high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market capitalization of $17.24 billion, a PE ratio of 32.58, a P/E/G ratio of 3.84 and a beta of 0.74. The firm’s fifty day moving average price is $39.53 and its 200 day moving average price is $48.43.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, research analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

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.