Middleton & Co. Inc. MA Has $2.50 Million Holdings in Rollins, Inc. $ROL

Middleton & Co. Inc. MA lessened its holdings in Rollins, Inc. (NYSE:ROL) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,220 shares of the business services provider’s stock after selling 2,150 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Rollins were worth $2,495,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ROL. Vanguard Group Inc. increased its stake in Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after buying an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock valued at $553,464,000 after acquiring an additional 38,503 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Rollins by 196.2% during the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after acquiring an additional 2,346,592 shares in the last quarter. Wellington Management Group LLP boosted its position in Rollins by 44.2% during the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Rollins by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock valued at $141,424,000 after buying an additional 98,607 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 1.8%

ROL stock opened at $58.59 on Friday. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $60.35. 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’s 50-day simple moving average is $56.96 and its 200 day simple moving average is $56.83. The company has a market capitalization of $28.40 billion, a PE ratio of 54.76 and a beta of 0.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $0.1825 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio (DPR) is currently 68.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROL shares. Piper Sandler raised their target price 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 lowered Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. started coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Finally, UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.82.

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.