Riverbridge Partners LLC cut its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 19.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,242,585 shares of the business services provider’s stock after selling 303,128 shares during the quarter. Rollins accounts for about 1.6% of Riverbridge Partners LLC’s investment portfolio, making the stock its 17th largest holding. Riverbridge Partners LLC owned about 0.26% of Rollins worth $66,366,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ROL. DV Equities LLC bought a new stake in shares of Rollins during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its stake in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 354 shares during the period. Board of the Pension Protection Fund bought a new position in shares of Rollins during the fourth quarter valued at approximately $30,000. Torren Management LLC bought a new position in shares of Rollins during the fourth quarter valued at approximately $36,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.
Rollins Trading Up 0.7%
NYSE:ROL opened at $44.70 on Wednesday. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 2.73 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. Rollins, Inc. has a 1 year low of $44.09 and a 1 year high of $66.14. The business has a fifty day moving average of $51.28 and a 200-day moving average of $56.42.
Rollins Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, May 11th. Rollins’s payout ratio is 66.97%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Loop Capital initiated coverage on Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target on the stock. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Weiss Ratings cut Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target of $63.71.
Rollins Profile
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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