Voya Investment Management LLC Sells 33,146 Shares of Rollins, Inc. $ROL

Voya Investment Management LLC decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 19.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,355 shares of the business services provider’s stock after selling 33,146 shares during the quarter. Voya Investment Management LLC’s holdings in Rollins were worth $7,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROL. J.W. Cole Advisors Inc. grew its stake in shares of Rollins by 16.2% during the second quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock worth $7,224,000 after buying an additional 17,845 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Rollins by 7.2% during the 2nd quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock valued at $1,208,000 after acquiring an additional 1,435 shares in the last quarter. Prudential Financial Inc. grew its position in Rollins by 11.0% during the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock worth $8,958,000 after acquiring an additional 15,699 shares during the last quarter. Marshall Wace LLP increased its holdings in Rollins by 78.0% in the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock worth $128,788,000 after purchasing an additional 1,000,185 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new position in Rollins in the 2nd quarter worth about $1,924,000. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several research reports. Wells Fargo & Company set a $63.00 price target on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Morgan Stanley upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $72.00 in a research report on Wednesday, December 17th. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $72.00 in a report on Friday, December 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price target on shares of Rollins in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Rollins in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.92.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: Seth Rollins (WWE) — Multiple pieces cover his remaining contract length (about three years), injury timeline (optimistic 3–4 months to return), and various interviews; none relate to Rollins, Inc. Seth Rollins contract article
• Neutral Sentiment: Bucks coverage — Game recap and player features reference Ryan Rollins and a Bucks win (Porter & Rollins), plus articles on Ryan Rollins’ breakout season and MIP chatter; sports items, not corporate news for ROL. Bucks game recap
• Neutral Sentiment: Jimmy Rollins (MLB) — A Hall of Fame case piece on former MLB SS Jimmy Rollins; sports/HOF context only, no relevance to Rollins, Inc. Jimmy Rollins Hall of Fame article

Rollins Stock Performance

NYSE:ROL opened at $60.74 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $61.84. The company has a 50 day simple moving average of $58.84 and a two-hundred day simple moving average of $57.58. The company has a market capitalization of $29.43 billion, a PE ratio of 56.76 and a beta of 0.79.

Rollins (NYSE:ROL) last issued 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 37.60%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 10th. Rollins’s payout ratio is currently 68.22%.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the completion of the transaction, the insider directly owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.47% of the company’s stock.

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.