SG Americas Securities LLC Purchases 328,205 Shares of Rollins, Inc. $ROL

SG Americas Securities LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1,968.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,876 shares of the business services provider’s stock after purchasing an additional 328,205 shares during the quarter. SG Americas Securities LLC owned 0.07% of Rollins worth $20,699,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ROL. Board of the Pension Protection Fund bought a new stake in Rollins during the 4th quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in Rollins in the third quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Rollins in the second quarter valued at approximately $42,000. TruNorth Capital Management LLC bought a new stake in shares of Rollins during the third quarter worth $45,000. Finally, First Horizon Corp bought a new stake in shares of Rollins during the third quarter worth $47,000. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 7,538 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $63.26, for a total value of $476,853.88. Following the sale, the chairman owned 600,049 shares in the company, valued at $37,959,099.74. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $285,302.60. Following the completion of the sale, the chief executive officer owned 328,386 shares in the company, valued at approximately $20,773,698.36. This trade represents a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,435 shares of company stock valued at $4,321,384. 4.47% of the stock is owned by insiders.

Rollins Trading Down 0.6%

Rollins stock opened at $52.47 on Friday. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 48.14, a P/E/G ratio of 3.26 and a beta of 0.80. The firm has a 50-day moving average of $59.54 and a 200-day moving average of $58.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. Rollins, Inc. has a one year low of $49.73 and a one year high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Rollins had a net margin of 14.00% and a return on equity of 38.16%. The company had revenue of $912.91 million during the quarter, compared to analyst estimates of $925.08 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Rollins’s payout ratio is 66.97%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ROL shares. Morgan Stanley set a $70.00 target price on shares of Rollins in a research note on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $72.00 in a report on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $67.00 target price on Rollins and gave the company an “outperform” rating in a research report on Thursday, February 12th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.08.

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.