Natixis Advisors LLC Sells 37,072 Shares of Rollins, Inc. $ROL

Natixis Advisors LLC trimmed its position in shares of Rollins, Inc. (NYSE:ROLFree Report) by 21.3% during the fourth quarter, HoldingsChannel reports. The firm owned 137,170 shares of the business services provider’s stock after selling 37,072 shares during the quarter. Natixis Advisors LLC’s holdings in Rollins were worth $8,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Pension Service lifted its position in Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in Rollins in the 3rd quarter valued at $1,739,000. Jefferies Financial Group Inc. lifted its position in Rollins by 607.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after acquiring an additional 68,647 shares in the last quarter. Mackenzie Financial Corp lifted its position in Rollins by 62.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after acquiring an additional 594,735 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Rollins by 52.1% in the 4th quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock valued at $51,363,000 after acquiring an additional 292,062 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ROL. UBS Group boosted their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Wells Fargo & Company lowered their price target on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada set a $67.00 price target on shares of Rollins and gave the company an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

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Trending Headlines about Rollins

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Rollins Stock Up 0.2%

Rollins stock opened at $47.18 on Monday. The firm has a market capitalization of $22.72 billion, a PE ratio of 43.29, a P/E/G ratio of 2.90 and a beta of 0.73. The company’s 50-day moving average is $53.11 and its 200-day moving average is $57.64. Rollins, Inc. has a fifty-two week low of $44.43 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59.

Rollins (NYSE:ROLGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. Rollins’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. Sell-side analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current 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 paid a dividend of $0.1825 per share. The ex-dividend date is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. Rollins’s payout ratio is currently 66.97%.

About Rollins

(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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