Rollins, Inc. $ROL Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in Rollins, Inc. (NYSE:ROL) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 992,918 shares of the business services provider’s stock after selling 133,102 shares during the quarter. Riverbridge Partners LLC owned approximately 0.21% of Rollins worth $29,907,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROL. Sequoia Financial Advisors LLC boosted its position in shares of Rollins by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares in the last quarter. Sterling Group Wealth Management LLC increased its holdings in shares of Rollins by 6.1% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock valued at $219,000 after acquiring an additional 235 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of Rollins by 5.6% during the 1st quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock worth $272,000 after acquiring an additional 268 shares in the last quarter. Raiffeisen Bank International AG raised its position in shares of Rollins by 73.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after acquiring an additional 272 shares in the last quarter. Finally, Groupama Asset Managment raised its position in shares of Rollins by 4.8% during the 1st quarter. Groupama Asset Managment now owns 7,106 shares of the business services provider’s stock worth $380,000 after acquiring an additional 325 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of ROL stock opened at $38.36 on Wednesday. The stock’s 50-day moving average is $33.72 and its two-hundred day moving average is $46.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. Rollins, Inc. has a 1 year low of $29.28 and a 1 year high of $66.14. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 4.39 and a beta of 0.73.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Analysts predict that Rollins, Inc. will post 1.14 earnings per share for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.1%. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. Rollins’s dividend payout ratio is presently 66.97%.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Citi upgraded the stock to Buy from Neutral and raised its price target to $49 from $32, a notable improvement in its outlook for Rollins. Citi upgrade coverage
• Neutral Sentiment: Quarterly results were mixed: Rollins matched consensus earnings per share at $0.34, while revenue of $1.09 billion fell short of the $1.11 billion analyst estimate. Revenue still grew 6.2% year over year. Earnings analysis
• Negative Sentiment: Wells Fargo remains cautious: It raised its target from $26 to $30 but maintained an Underweight rating, indicating the analyst still sees meaningful downside risk. Wells Fargo rating information
• Negative Sentiment: Higher Treasury yields may pressure valuations. The cited market commentary says yields near 5% are prompting investors to reprice stocks broadly, which could challenge higher-multiple companies such as Rollins. Market commentary on bond yields

Analysts Set New Price Targets

ROL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. BNP Paribas Exane dropped their price target on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Wells Fargo & Company raised their price objective on shares of Rollins from $26.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday. Weiss Ratings downgraded shares of Rollins from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group set a $42.00 price objective on shares of Rollins in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $40.56.

Rollins Profile

Rollins, Inc. is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal. The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.