Allianz Asset Management GmbH Decreases Stock Position in Rollins, Inc. $ROL

Allianz Asset Management GmbH cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 34.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 71,977 shares of the business services provider’s stock after selling 37,738 shares during the quarter. Allianz Asset Management GmbH’s holdings in Rollins were worth $4,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Rollins in the second quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new position in shares of Rollins in the third quarter worth $31,000. TD Waterhouse Canada Inc. raised its holdings in 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 buying an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Rollins during the 2nd quarter valued at $42,000. Finally, TruNorth Capital Management LLC purchased a new stake in Rollins during the 3rd quarter valued at $45,000. 51.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on ROL shares. Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a research report on Monday, November 3rd. UBS Group set a $65.00 price target on Rollins in a report on Wednesday, January 21st. Canaccord Genuity Group set a $55.00 price target on 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 research report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.67.

Insider Buying and Selling at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the firm’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 transaction of $285,302.60. Following the completion of the transaction, the chief executive officer owned 328,386 shares of the company’s stock, valued at $20,773,698.36. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gary W. Rollins sold 19,094 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $63.26, for a total value of $1,207,886.44. Following the completion of the sale, the chairman directly owned 5,322,469 shares in the company, valued at $336,699,388.94. This trade represents a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,545 shares of company stock valued at $3,850,173. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Up 1.0%

NYSE:ROL opened at $64.93 on Wednesday. The firm’s 50-day moving average price is $61.42 and its 200-day moving average price is $58.99. The company has a market capitalization of $31.47 billion, a PE ratio of 60.68 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. Rollins, Inc. has a 1-year low of $49.16 and a 1-year high of $65.12.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.1825 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.1%. Rollins’s dividend payout ratio (DPR) is currently 68.22%.

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.