Rollins, Inc. $ROL Stake Lessened by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC decreased its position in Rollins, Inc. (NYSE:ROL) by 1.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 939,170 shares of the business services provider’s stock after selling 10,000 shares during the quarter. Rollins makes up 9.4% of Value Holdings Management CO. LLC’s portfolio, making the stock its 2nd biggest holding. Value Holdings Management CO. LLC’s holdings in Rollins were worth $52,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROL. Cetera Investment Advisers lifted its stake in shares of Rollins by 13.5% in the 2nd quarter. Cetera Investment Advisers now owns 430,947 shares of the business services provider’s stock worth $24,314,000 after purchasing an additional 51,419 shares during the period. Creative Planning increased its holdings in Rollins by 44.4% during the second quarter. Creative Planning now owns 36,205 shares of the business services provider’s stock valued at $2,043,000 after buying an additional 11,130 shares during the last quarter. SG Americas Securities LLC raised its position in Rollins by 89.1% in the second quarter. SG Americas Securities LLC now owns 24,665 shares of the business services provider’s stock worth $1,392,000 after acquiring an additional 11,625 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Rollins by 630.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 468,939 shares of the business services provider’s stock worth $26,458,000 after acquiring an additional 404,713 shares during the last quarter. Finally, Security Financial Services INC. grew its position in shares of Rollins by 12.4% during the 2nd quarter. Security Financial Services INC. now owns 6,419 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 708 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $58.21 on Friday. The company’s 50-day moving average price is $57.17 and its 200-day moving average price is $56.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.21 billion, a PE ratio of 54.40 and a beta of 0.72. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $60.35.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is currently 68.22%.

Analysts Set New Price Targets

Several analysts have issued reports on ROL shares. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barclays raised their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Sanford C. Bernstein initiated coverage on Rollins in a research note on Wednesday. They issued an “outperform” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. started coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price for the company. Finally, Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and an average target price of $63.42.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.