Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Rollins, Inc. $ROL

Wealth Enhancement Advisory Services LLC increased its stake in Rollins, Inc. (NYSE:ROL) by 39.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,724 shares of the business services provider’s stock after purchasing an additional 90,419 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Rollins were worth $18,480,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Rollins by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 35,239,976 shares of the business services provider’s stock worth $1,988,239,000 after buying an additional 503,433 shares in the last quarter. State Street Corp lifted its holdings in shares of Rollins by 2.3% during the 2nd quarter. State Street Corp now owns 12,102,112 shares of the business services provider’s stock worth $682,801,000 after acquiring an additional 274,105 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rollins by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after acquiring an additional 432,067 shares during the last quarter. Invesco Ltd. grew its position in Rollins by 41.2% in the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock worth $319,224,000 after acquiring an additional 1,649,676 shares in the last quarter. Finally, Norges Bank bought a new position in Rollins in the second quarter valued at $218,593,000. 51.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROL has been the subject of several research analyst reports. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. JPMorgan Chase & Co. initiated coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the stock a “hold” rating in a research note on Friday, October 31st. Morgan Stanley raised shares of Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $72.00 in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.67.

Rollins Trading Up 0.1%

Shares of ROL stock opened at $63.34 on Friday. The business has a 50-day moving average of $60.52 and a 200 day moving average of $58.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. Rollins, Inc. has a 1-year low of $48.17 and a 1-year high of $63.56. The stock has a market capitalization of $30.70 billion, a PE ratio of 59.20 and a beta of 0.79.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, February 25th. Rollins’s dividend payout ratio is currently 68.22%.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 1,520 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the sale, the chairman owned 607,587 shares of the company’s stock, valued at $36,090,667.80. This represents a 0.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $60.06, for a total transaction of $143,903.76. Following the completion of the transaction, the insider owned 29,231 shares in the company, valued at $1,755,613.86. The trade was a 7.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,707 shares of company stock valued at $515,664 in the last three months. 4.47% of the stock is currently owned by corporate insiders.

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.