Vestmark Advisory Solutions Inc. Sells 98,440 Shares of Rollins, Inc. $ROL

Vestmark Advisory Solutions Inc. reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 50.1% in the second quarter, HoldingsChannel reports. The firm owned 97,996 shares of the business services provider’s stock after selling 98,440 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Rollins were worth $5,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Rollins during the second quarter valued at about $30,000. GW&K Investment Management LLC grew its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. National Pension Service raised its stake in shares of Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after acquiring an additional 462 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROL. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. assumed coverage on Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. Barclays upped their target price on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Canaccord Genuity Group set a $55.00 price target on Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.82.

Rollins Price Performance

Shares of NYSE ROL opened at $58.58 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 54.75 and a beta of 0.72. The firm’s 50 day simple moving average is $57.00 and its 200-day simple moving average is $56.86. Rollins, Inc. has a 12 month low of $45.34 and a 12 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 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s payout ratio is 68.22%.

Rollins 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.