Gamco Investors INC. ET AL Has $86.95 Million Stock Holdings in Rollins, Inc. $ROL

Gamco Investors INC. ET AL decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,480,209 shares of the business services provider’s stock after selling 91,451 shares during the period. Rollins accounts for about 0.8% of Gamco Investors INC. ET AL’s portfolio, making the stock its 16th biggest position. Gamco Investors INC. ET AL owned 0.31% of Rollins worth $86,947,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its position in shares of Rollins by 16.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock valued at $7,224,000 after acquiring an additional 17,845 shares during the period. Savant Capital LLC grew its holdings in Rollins by 7.2% in the second quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock worth $1,208,000 after purchasing an additional 1,435 shares during the period. Prudential Financial Inc. increased its stake in Rollins by 11.0% in the second quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock valued at $8,958,000 after purchasing an additional 15,699 shares in the last quarter. Federated Hermes Inc. increased its stake in Rollins by 40.9% in the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after purchasing an additional 315,456 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Rollins during the second quarter valued at about $806,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.3%

Rollins stock opened at $58.34 on Friday. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 53.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.80. The firm’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $59.24. Rollins, Inc. has a 1-year low of $49.73 and a 1-year high of $66.14. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, February 11th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The business had revenue of $912.91 million for the quarter, compared to the consensus estimate of $925.08 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s payout ratio is currently 66.97%.

Insider Activity

In other news, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $82,118.81. Following the completion of the sale, the chief executive officer directly owned 327,079 shares of the company’s stock, valued at $20,550,373.57. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Gary W. Rollins sold 10,355 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $650,604.65. Following the completion of the transaction, the chairman owned 5,312,114 shares in the company, valued at $333,760,122.62. This represents a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 73,351 shares of company stock worth $4,554,785. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Canaccord Genuity Group set a $52.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, February 13th. Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.08.

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.