Achmea Investment Management B.V. Trims Holdings in Rollins, Inc. $ROL

Achmea Investment Management B.V. decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 30.6% during the third quarter, Holdings Channel.com reports. The fund owned 35,840 shares of the business services provider’s stock after selling 15,823 shares during the quarter. Achmea Investment Management B.V.’s holdings in Rollins were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of Rollins by 2.2% during the 3rd quarter. Captrust Financial Advisors now owns 346,396 shares of the business services provider’s stock valued at $20,347,000 after purchasing an additional 7,500 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Rollins by 639.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 42,347 shares of the business services provider’s stock worth $2,487,000 after buying an additional 36,618 shares during the period. Danske Bank A S purchased a new stake in Rollins in the 3rd quarter worth $9,837,000. Caitong International Asset Management Co. Ltd raised its holdings in Rollins by 415.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,771 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 2,233 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Rollins during the third quarter valued at about $107,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 3.5%

Shares of ROL stock opened at $53.89 on Thursday. Rollins, Inc. has a 12-month low of $49.73 and a 12-month high of $66.14. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $60.70 and its 200-day moving average price is $59.17. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 49.44, a price-to-earnings-growth ratio of 3.44 and a beta of 0.80.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Rollins had a net margin of 14.00% and a return on equity of 38.16%. The business had revenue of $912.91 million for the quarter, compared to analysts’ expectations of $925.08 million. During the same period in the previous year, the company earned $0.22 EPS. Rollins’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, February 25th. Rollins’s payout ratio is 66.97%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $52.00 price objective on Rollins and gave the stock a “hold” rating in a research note on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Finally, Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the company an “outperform” rating in a report on Thursday, February 12th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.08.

Insider Activity

In related news, Chairman John F. Wilson sold 7,538 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the transaction, the chairman owned 600,049 shares of the company’s stock, valued at $37,959,099.74. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 4,510 shares of Rollins stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $285,302.60. Following the sale, the chief executive officer owned 328,386 shares of the company’s stock, valued at $20,773,698.36. The trade was a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,435 shares of company stock valued at $4,321,384. 4.47% of the stock is currently owned by corporate insiders.

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.