Atria Wealth Solutions Inc. Trims Holdings in Rollins, Inc. $ROL

Atria Wealth Solutions Inc. decreased its holdings in Rollins, Inc. (NYSE:ROL) by 52.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,910 shares of the business services provider’s stock after selling 13,334 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Rollins were worth $672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Rollins in the 2nd quarter valued at $77,000. Oppenheimer & Co. Inc. purchased a new stake in Rollins in the 1st quarter valued at $464,000. Gallacher Capital Management LLC purchased a new stake in Rollins in the 2nd quarter valued at $256,000. QRG Capital Management Inc. raised its position in Rollins by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock valued at $495,000 after purchasing an additional 572 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new stake in Rollins in the 1st quarter valued at $27,398,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $55.85 on Friday. The company has a 50-day simple moving average of $57.05 and a 200-day simple moving average of $56.51. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $27.07 billion, a PE ratio of 55.30 and a beta of 0.69. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 11th. Rollins’s dividend payout ratio (DPR) is currently 65.35%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Finally, Piper Sandler upped their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.18.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.47% of the stock is owned by corporate insiders.

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.