Rollins, Inc. $ROL Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,998,728 shares of the business services provider’s stock after selling 50,128 shares during the quarter. Legal & General Group Plc’s holdings in Rollins were worth $119,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirabella Financial Services LLP purchased a new position in Rollins during the third quarter worth $1,739,000. Jefferies Financial Group Inc. lifted its position in shares of Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after acquiring an additional 68,647 shares in the last quarter. National Pension Service lifted its position in shares of Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after acquiring an additional 16,771 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Rollins by 40.9% during the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after acquiring an additional 315,456 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Rollins by 19.2% during the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock valued at $9,803,000 after acquiring an additional 26,867 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $49.43 on Friday. The business’s 50-day moving average price is $53.96 and its 200 day moving average price is $58.14. Rollins, Inc. has a twelve month low of $49.39 and a twelve month high of $66.14. The company has a market capitalization of $23.80 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 3.10 and a beta of 0.79. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s payout ratio is presently 66.97%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Loop Capital started coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price target on the stock. Morgan Stanley set a $70.00 price target on shares of Rollins in a report on Friday, February 13th. UBS Group upped their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company decreased their target price on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

About Rollins

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.