Truist Financial Corp Raises Stock Holdings in Rollins, Inc. $ROL

Truist Financial Corp raised its position in shares of Rollins, Inc. (NYSE:ROL) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 414,060 shares of the business services provider’s stock after purchasing an additional 36,769 shares during the quarter. Truist Financial Corp’s holdings in Rollins were worth $24,852,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after acquiring an additional 1,620 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP increased its holdings in Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. increased its holdings in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP raised its position in Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after purchasing an additional 239,361 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of several research analyst reports. Loop Capital assumed coverage on Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. UBS Group boosted their target price on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Bank of America assumed coverage on shares of Rollins in a report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $67.00 price objective on shares of Rollins in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average target price of $65.27.

Rollins Stock Performance

Shares of ROL opened at $54.23 on Thursday. The company has a 50-day simple moving average of $55.54 and a two-hundred day simple moving average of $58.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $26.11 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 3.33 and a beta of 0.79. Rollins, Inc. has a one year low of $52.32 and a one year high of $66.14.

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

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 14,201 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the transaction, the insider owned 55,977 shares in the company, valued at approximately $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.77% of the company’s stock.

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.