Rollins, Inc. $ROL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in Rollins, Inc. (NYSE:ROL) by 49.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,061 shares of the business services provider’s stock after selling 22,267 shares during the period. Pacer Advisors Inc.’s holdings in Rollins were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Rollins in the second quarter valued at $30,000. TD Waterhouse Canada Inc. grew its position in shares of Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 269 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Rollins in the 2nd quarter valued at about $42,000. MUFG Securities EMEA plc acquired a new position in Rollins in the 2nd quarter worth about $47,000. Finally, Geneos Wealth Management Inc. raised its holdings in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Rollins stock opened at $60.00 on Friday. The company has a fifty day simple moving average of $59.45 and a 200-day simple moving average of $57.74. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of 56.07 and a beta of 0.79. 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 52-week low of $45.34 and a 52-week high of $61.84.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share 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 firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.29 earnings per share. Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, November 10th. Rollins’s dividend payout ratio (DPR) is currently 68.22%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROL. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $72.00 in a report on Friday, December 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Rollins in a research note on Tuesday, December 23rd. Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.92.

Insider Activity at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the completion of the sale, the insider directly owned 31,627 shares in the company, valued at $1,889,080.71. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.47% 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.