Vanguard Group Inc. Has $2.16 Billion Stock Position in Rollins, Inc. $ROL

Vanguard Group Inc. increased its holdings in Rollins, Inc. (NYSE:ROL) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,720,282 shares of the business services provider’s stock after purchasing an additional 1,480,306 shares during the period. Vanguard Group Inc. owned approximately 7.58% of Rollins worth $2,156,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROL. Caitong International Asset Management Co. Ltd bought a new position in Rollins in the 2nd quarter worth approximately $30,000. Root Financial Partners LLC acquired a new position in Rollins during the 3rd quarter valued at $31,000. TD Waterhouse Canada Inc. raised its stake in Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Rollins in the 2nd quarter worth $42,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Rollins during the 3rd quarter worth about $45,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

NYSE:ROL opened at $60.79 on Friday. Rollins, Inc. has a one year low of $49.73 and a one year high of $66.14. The firm’s fifty day moving average price is $61.48 and its two-hundred day moving average price is $59.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. The company has a market cap of $29.24 billion, a P/E ratio of 55.89, a P/E/G ratio of 3.71 and a beta of 0.78.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. Equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

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 $0.1825 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.73 annualized dividend and a yield of 1.2%. Rollins’s payout ratio is currently 66.97%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROL shares. The Goldman Sachs Group reissued a “buy” rating and set a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Wells Fargo & Company set a $56.00 price target on Rollins and gave the company an “equal weight” rating in a report on Thursday, February 12th. Bank of America began coverage on shares of Rollins in a research report on Tuesday. They issued a “buy” rating and a $67.00 price objective for the company. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Finally, Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.08.

Insider Activity

In related news, Chairman John F. Wilson sold 5,344 shares of the company’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 transaction of $335,763.52. Following the completion of the transaction, the chairman directly owned 594,705 shares in the company, valued at $37,365,315.15. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 1,329 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $83,501.07. Following the sale, the insider directly owned 58,832 shares in the company, valued at approximately $3,696,414.56. The trade was a 2.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 59,150 shares of company stock valued at $3,711,814. Company insiders own 4.47% of the company’s stock.

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.