Rollins, Inc. (NYSE:ROL) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 96.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,000,045 shares of the business services provider’s stock after acquiring an additional 490,183 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.21% of Rollins worth $46,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROL. Montrusco Bolton Investments Inc. increased its stake in shares of Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after acquiring an additional 1,154,722 shares during the period. Fiera Capital Corp acquired a new position in shares of Rollins during the third quarter worth about $43,225,000. Point72 Asset Management L.P. acquired a new position in shares of Rollins during the third quarter worth about $28,980,000. JPMorgan Chase & Co. increased its stake in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Rollins by 535.2% during the fourth quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock worth $12,115,000 after acquiring an additional 220,230 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROL. Canaccord Genuity Group began coverage on shares of Rollins in a research note on Tuesday, January 7th. They set a “hold” rating and a $48.00 price target on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Rollins currently has a consensus rating of “Hold” and an average target price of $51.50.

Rollins Stock Up 3.8 %

ROL stock opened at $51.99 on Friday. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.84. The company has a market cap of $25.18 billion, a P/E ratio of 54.16 and a beta of 0.76. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $48.00 and its 200 day moving average price is $48.96.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. On average, research analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

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.