Janney Montgomery Scott LLC Cuts Stock Holdings in Rollins, Inc. $ROL

Janney Montgomery Scott LLC lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,219 shares of the business services provider’s stock after selling 12,967 shares during the period. Janney Montgomery Scott LLC’s holdings in Rollins were worth $7,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Larry Mathis Financial Planning LLC increased its holdings in shares of Rollins by 40.4% in the 1st quarter. Larry Mathis Financial Planning LLC now owns 5,732 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,648 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after purchasing an additional 1,899,515 shares in the last quarter. Waterway Wealth Management LLC lifted its holdings in shares of Rollins by 15.9% during the first quarter. Waterway Wealth Management LLC now owns 17,693 shares of the business services provider’s stock valued at $945,000 after purchasing an additional 2,433 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Rollins during the first quarter valued at $801,000. Finally, OP Asset Management Ltd purchased a new stake in shares of Rollins during the first quarter valued at $1,518,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Performance

ROL stock opened at $43.41 on Friday. 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, Inc. has a 1 year low of $41.50 and a 1 year high of $66.14. The company has a market cap of $20.90 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The stock’s fifty day moving average price is $49.38 and its 200-day moving average price is $55.50.

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

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price target on the stock. Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.07.

Rollins Company 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.