Motley Fool Asset Management LLC Grows Holdings in Rollins, Inc. $ROL

Motley Fool Asset Management LLC grew its stake in Rollins, Inc. (NYSE:ROL) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,862 shares of the business services provider’s stock after buying an additional 1,787 shares during the period. Motley Fool Asset Management LLC’s holdings in Rollins were worth $895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Rollins in the 2nd quarter worth approximately $30,000. GW&K Investment Management LLC grew its stake in Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares in the last quarter. National Pension Service grew its stake in Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after buying an additional 462 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Rollins in the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ROL. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Piper Sandler upped their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Rollins Price Performance

Shares of Rollins stock opened at $56.13 on Wednesday. The stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 55.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a fifty day moving average of $56.86 and a 200-day moving average of $56.72. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is currently 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.