27,200 Rollins, Inc. $ROL Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al
by Sarita Garza · The Markets DailyVIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,837 shares of the business services provider’s stock after selling 27,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Rollins were worth $4,814,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after buying an additional 183 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Rollins by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after acquiring an additional 185 shares in the last quarter. DGS Capital Management LLC boosted its holdings in Rollins by 4.0% during the 1st quarter. DGS Capital Management LLC now owns 5,602 shares of the business services provider’s stock worth $299,000 after acquiring an additional 215 shares during the last quarter. Sterling Group Wealth Management LLC boosted its holdings in Rollins by 6.1% during the 1st quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock worth $219,000 after acquiring an additional 235 shares during the last quarter. Finally, Gallacher Capital Management LLC grew its stake in shares of Rollins by 5.6% in the 1st quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock worth $272,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.
Key Stories Impacting Rollins
Here are the key news stories impacting Rollins this week:
- Positive Sentiment: 100 consecutive quarters of revenue growth: Rollins was highlighted for extending its revenue-growth streak across multiple economic downturns, including two market crashes and the pandemic. The milestone reinforces the company’s recurring-revenue model and defensive business profile. Rollins Has Grown Revenue for 100 Straight Quarters
Wall Street Analyst Weigh In
Several analysts have recently commented on ROL shares. Sanford C. Bernstein lowered their target price on shares of Rollins from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Monday, October 19th. BNP Paribas Exane cut their price target on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Morgan Stanley dropped their target price on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Barclays set a $45.00 target price on Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Weiss Ratings lowered Rollins from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and an average target price of $40.82.
View Our Latest Analysis on ROL
Rollins Trading Down 0.0%
Shares of Rollins stock opened at $34.65 on Monday. The firm has a market cap of $16.56 billion, a PE ratio of 31.79, a P/E/G ratio of 3.92 and a beta of 0.73. Rollins, Inc. has a 1 year low of $29.28 and a 1 year high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.58. The stock has a fifty day moving average price of $33.53 and a 200-day moving average price of $46.99.
Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Equities research analysts anticipate that Rollins, Inc. will post 1.14 EPS for the current year.
Rollins Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $0.20 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Rollins’s payout ratio is presently 66.97%.
Rollins Profile
Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.
Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.
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