Appleton Partners Inc. MA Purchases 1,120 Shares of Rollins, Inc. $ROL

Appleton Partners Inc. MA boosted its holdings in Rollins, Inc. (NYSE:ROL) by 2.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 54,168 shares of the business services provider’s stock after acquiring an additional 1,120 shares during the quarter. Appleton Partners Inc. MA’s holdings in Rollins were worth $3,056,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ROL. Farther Finance Advisors LLC increased its position in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock worth $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in Rollins in the 1st quarter valued at about $225,000. Oppenheimer & Co. Inc. bought a new stake in Rollins in the 1st quarter valued at about $464,000. Select Equity Group L.P. acquired a new position in shares of Rollins in the 1st quarter valued at approximately $27,398,000. Finally, Gallacher Capital Management LLC bought a new stake in shares of Rollins during the 2nd quarter valued at approximately $256,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rollins in a research note on Saturday, September 27th. JPMorgan Chase & Co. began coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price on the stock. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Piper Sandler raised their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target of $62.18.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.47% of the stock is currently owned by company insiders.

Rollins Trading Up 0.7%

ROL stock opened at $58.74 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 58.16 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The business has a 50 day simple moving average of $57.27 and a two-hundred day simple moving average of $56.28.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins’s payout ratio is presently 65.35%.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.