Lmcg Investments LLC Has $7.68 Million Holdings in Rollins, Inc. $ROL

Lmcg Investments LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 25.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 127,958 shares of the business services provider’s stock after purchasing an additional 26,231 shares during the quarter. Lmcg Investments LLC’s holdings in Rollins were worth $7,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gateway Investment Advisers LLC raised its holdings in Rollins by 52.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 23,939 shares of the business services provider’s stock worth $1,437,000 after buying an additional 8,269 shares during the period. Sowa Financial Group Inc. acquired a new stake in Rollins during the 4th quarter worth about $3,279,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Rollins by 5.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,276 shares of the business services provider’s stock worth $35,953,000 after buying an additional 34,080 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Rollins by 2.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,053 shares of the business services provider’s stock worth $3,244,000 after buying an additional 1,378 shares during the period. Finally, Truist Financial Corp raised its holdings in Rollins by 9.7% during the 4th quarter. Truist Financial Corp now owns 414,060 shares of the business services provider’s stock worth $24,852,000 after buying an additional 36,769 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ROL. Bank of America began coverage on Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective on the stock. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada set a $67.00 target price on Rollins and gave the company an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. Finally, Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average target price of $65.27.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 14,201 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the sale, the insider owned 55,977 shares of the company’s stock, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.77% of the company’s stock.

Rollins Trading Up 0.2%

Shares of NYSE ROL opened at $54.23 on Thursday. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 3.33 and a beta of 0.79. The business has a 50 day simple moving average of $55.54 and a 200 day simple moving average of $58.60. Rollins, Inc. has a 52 week low of $52.32 and a 52 week high of $66.14. 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 (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, research analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. Rollins’s payout ratio is presently 66.97%.

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.