Federated Hermes Inc. Acquires 714,235 Shares of Rollins, Inc. $ROL

Federated Hermes Inc. increased its stake in Rollins, Inc. (NYSE:ROL) by 1,240.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 771,806 shares of the business services provider’s stock after acquiring an additional 714,235 shares during the quarter. Federated Hermes Inc. owned about 0.16% of Rollins worth $43,545,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Marshall Wace LLP increased its position in Rollins by 78.0% in the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock valued at $128,788,000 after buying an additional 1,000,185 shares in the last quarter. First Trust Advisors LP boosted its position in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Rollins by 11.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 13,075 shares of the business services provider’s stock worth $738,000 after buying an additional 1,394 shares during the last quarter. Invesco Ltd. grew its holdings in Rollins by 41.2% during the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after purchasing an additional 1,649,676 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in Rollins by 33.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 192,457 shares of the business services provider’s stock worth $10,858,000 after acquiring an additional 47,702 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $60.53 on Tuesday. The firm’s fifty day simple moving average is $58.39 and its 200 day simple moving average is $57.40. The stock has a market cap of $29.34 billion, a P/E ratio of 56.57 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $61.84.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Rollins’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.1825 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is currently 68.22%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROL. Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 1st. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $72.00 in a research note on Friday. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.42.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 2,395 shares of Rollins stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total transaction of $138,359.15. Following the sale, the insider directly owned 34,732 shares in the company, valued at $2,006,467.64. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.47% of the stock is currently owned by insiders.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.