Moran Wealth Management LLC Sells 30,586 Shares of Rollins, Inc. $ROL

Moran Wealth Management LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 10.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 261,489 shares of the business services provider’s stock after selling 30,586 shares during the period. Moran Wealth Management LLC’s holdings in Rollins were worth $13,966,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. National Pension Service raised its stake in shares of Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Rollins during the third quarter valued at approximately $1,739,000. Jefferies Financial Group Inc. grew its stake in shares of Rollins by 607.7% during 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 purchasing an additional 68,647 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after purchasing an additional 594,735 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Rollins by 52.1% in the fourth quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock valued at $51,363,000 after purchasing an additional 292,062 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.1%

Shares of NYSE:ROL opened at $43.41 on Friday. Rollins, Inc. has a one year low of $41.50 and a one year high of $66.14. The company has a 50 day moving average of $49.38 and a 200-day moving average of $55.50. 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 stock has a market cap of $20.90 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 2.67 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly 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 net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same period in the previous year, the firm posted $0.22 earnings per share. Rollins’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. Rollins’s payout ratio is presently 66.97%.

Wall Street Analyst Weigh In

ROL has been the subject of several research analyst reports. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. UBS Group increased their price objective on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Loop Capital began coverage on Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price for the company. Finally, Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $63.07.

Rollins Profile

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.