Citigroup Inc. Boosts Stock Position in Rollins, Inc. $ROL

Citigroup Inc. grew its position in shares of Rollins, Inc. (NYSE:ROL) by 93.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 671,754 shares of the business services provider’s stock after purchasing an additional 323,907 shares during the quarter. Citigroup Inc.’s holdings in Rollins were worth $39,459,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Rollins in the third quarter worth approximately $31,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after acquiring an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Rollins in the 2nd quarter worth approximately $42,000. TruNorth Capital Management LLC purchased a new stake in shares of Rollins in the 3rd quarter valued at $45,000. Finally, First Horizon Corp bought a new position in shares of Rollins during the 3rd quarter valued at $47,000. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 7,538 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the completion of the transaction, the chairman directly owned 600,049 shares in the company, valued at approximately $37,959,099.74. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $60.06, for a total transaction of $143,903.76. Following the completion of the sale, the insider directly owned 29,231 shares of the company’s stock, valued at approximately $1,755,613.86. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 59,150 shares of company stock worth $3,711,814. 4.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on ROL shares. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Bank of America assumed coverage on Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Finally, Morgan Stanley set a $70.00 price objective on Rollins in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Rollins Stock Up 0.3%

NYSE ROL opened at $60.55 on Wednesday. Rollins, Inc. has a 1 year low of $49.73 and a 1 year high of $66.14. The stock has a market capitalization of $29.13 billion, a PE ratio of 55.55, a PEG ratio of 3.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. The business’s 50-day moving average is $61.54 and its 200 day moving average is $59.17.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $912.91 million during the quarter, compared to analysts’ expectations of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Sell-side analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued a $0.1825 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.73 annualized dividend and a yield of 1.2%. Rollins’s payout ratio is 66.97%.

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.