MassMutual Private Wealth & Trust FSB Has $2.35 Million Holdings in Rollins, Inc. $ROL

MassMutual Private Wealth & Trust FSB trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 22.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,268 shares of the business services provider’s stock after selling 16,249 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Rollins were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ROL. DV Equities LLC acquired a new position in Rollins during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC grew its position in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the last quarter. Torren Management LLC acquired a new stake in Rollins in the 4th quarter worth $36,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins in the 4th quarter worth $43,000. Finally, Quarry LP increased its holdings in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Piper Sandler lowered their price target on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 price objective (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Stock Performance

Shares of NYSE:ROL opened at $37.79 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The business’s fifty day moving average price is $43.99 and its two-hundred day moving average price is $52.63. Rollins, Inc. has a fifty-two week low of $36.59 and a fifty-two week high of $66.14. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 4.14 and a beta of 0.75.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 1.2 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.9%. Rollins’s payout ratio is 66.36%.

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.