Rollins, Inc. $ROL Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 75.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,610 shares of the business services provider’s stock after selling 16,975 shares during the quarter. Vontobel Holding Ltd.’s holdings in Rollins were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Security Financial Services INC. boosted its holdings in shares of Rollins by 3.2% during the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after purchasing an additional 178 shares during the last quarter. Red Spruce Capital LLC boosted its holdings in shares of Rollins by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after purchasing an additional 182 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Rollins by 1.7% during the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after purchasing an additional 214 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Rollins by 5.8% during the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after purchasing an additional 224 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Rollins by 2.8% during the 2nd quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock worth $465,000 after purchasing an additional 225 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROL has been the topic of several analyst reports. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $62.18.

Rollins Stock Up 1.5%

Shares of NYSE ROL opened at $56.94 on Wednesday. The firm has a market cap of $27.59 billion, a price-to-earnings ratio of 56.37 and a beta of 0.69. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The business’s 50 day moving average is $57.22 and its two-hundred day moving average is $56.48.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins’s payout ratio is presently 65.35%.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman owned 632,727 shares of the company’s stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by insiders.

About Rollins

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.