27,200 Rollins, Inc. $ROL Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 14.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,837 shares of the business services provider’s stock after selling 27,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Rollins were worth $4,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Rollins during the 2nd quarter worth about $1,204,334,000. State Street Corp lifted its stake in shares of Rollins by 3.7% in the 2nd quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock valued at $566,046,000 after purchasing an additional 488,046 shares during the period. AMF Tjanstepension AB lifted its stake in shares of Rollins by 2.4% in the 1st quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock valued at $195,974,000 after purchasing an additional 87,139 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Rollins by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,858,888 shares of the business services provider’s stock valued at $152,686,000 after purchasing an additional 94,116 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rollins by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,020,508 shares of the business services provider’s stock valued at $84,336,000 after purchasing an additional 26,807 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 0.0%

NYSE ROL opened at $34.65 on Monday. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.92 and a beta of 0.73. Rollins, Inc. has a 52 week low of $29.28 and a 52 week high of $66.14. The business has a 50 day moving average price of $33.53 and a 200-day moving average price of $46.99. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL – Get Free Report) last issued its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. Rollins’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, equities analysts expect that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. Rollins’s payout ratio is 66.97%.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

  • Positive Sentiment: 100 consecutive quarters of revenue growth: Rollins was highlighted for extending its revenue-growth streak across multiple economic downturns, including two market crashes and the pandemic. The milestone reinforces the company’s recurring-revenue model and defensive business profile. Rollins Has Grown Revenue for 100 Straight Quarters

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ROL shares. The Goldman Sachs Group set a $42.00 target price on Rollins in a research note on Thursday, October 22nd. Raymond James Financial set a $35.00 price target on Rollins in a research note on Thursday, July 23rd. Bank of America cut Rollins from a “buy” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $35.00 in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Rollins from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, UBS Group raised their price objective on shares of Rollins from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.82.

View Our Latest Research Report on ROL

About Rollins

(Free Report)

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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