Rollins, Inc. $ROL Stake Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of Rollins, Inc. (NYSE:ROLFree Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,820 shares of the business services provider’s stock after selling 97,389 shares during the quarter. Rollins comprises approximately 0.8% of Gamco Investors INC. ET AL’s holdings, making the stock its 18th largest position. Gamco Investors INC. ET AL’s holdings in Rollins were worth $82,997,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP grew its stake in shares of Rollins by 40.7% in 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. grew its stake in shares of Rollins by 75.8% in 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 grew 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 worth $20,803,000 after purchasing an additional 239,361 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 0.0%

Shares of Rollins stock opened at $53.42 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 3.29 and a beta of 0.79. The business has a fifty day simple moving average of $54.63 and a 200-day simple moving average of $58.46. Rollins, Inc. has a fifty-two week low of $51.95 and a fifty-two week high of $66.14.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, equities analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be issued a $0.1825 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s dividend payout ratio is 66.97%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Morgan Stanley set a $70.00 price target on Rollins in a research note on Friday, February 13th. Wells Fargo & Company decreased their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Bank of America began coverage on Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.20.

Read Our Latest Stock Report on ROL

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the sale, the insider owned 55,977 shares in the company, valued at $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.77% of the stock is currently owned by company insiders.

Rollins Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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