Wedmont Private Capital Increases Holdings in Rollins, Inc. (NYSE:ROL)

Wedmont Private Capital raised its holdings in Rollins, Inc. (NYSE:ROL – Get Rating) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,732 shares of the business services provider’s stock after purchasing an additional 625 shares during the quarter. Wedmont Private Capital’s holdings in Rollins were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. Eagle Bay Advisors LLC purchased a new stake in Rollins in the second quarter valued at $29,000. Federated Hermes Inc. purchased a new stake in Rollins in the second quarter valued at $40,000. Fred Alger Management LLC purchased a new stake in Rollins in the third quarter valued at $41,000. Ronald Blue Trust Inc. purchased a new stake in Rollins in the second quarter valued at $43,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in Rollins in the third quarter valued at $44,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 2,129 shares of the business’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $36.57, for a total transaction of $77,857.53. Following the completion of the transaction, the insider now directly owns 96,960 shares of the company’s stock, valued at approximately $3,545,827.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 53.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Redburn Partners assumed coverage on Rollins in a research report on Wednesday, February 1st. They issued a “buy” rating and a $62.00 target price on the stock. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Rollins Price Performance

ROL stock opened at $36.07 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $17.77 billion, a PE ratio of 48.74 and a beta of 0.65. Rollins, Inc. has a 12-month low of $31.43 and a 12-month high of $43.06. The business’s fifty day moving average price is $35.93 and its 200 day moving average price is $37.16.

Rollins (NYSE:ROL – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $661.40 million for the quarter, compared to the consensus estimate of $661.44 million. Rollins had a return on equity of 30.92% and a net margin of 13.53%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Rollins, Inc. will post 0.8 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 9th. This represents a $0.52 annualized dividend and a yield of 1.44%. Rollins’s payout ratio is 70.27%.

Rollins Profile

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.