Rollins, Inc. $ROL Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Rollins, Inc. (NYSE:ROLFree Report) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,731,180 shares of the business services provider’s stock after selling 350,060 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rollins were worth $103,905,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of Rollins in the 4th quarter valued at approximately $30,000. Torren Management LLC acquired a new stake in shares of Rollins in the 4th quarter valued at $36,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins during the fourth quarter worth $43,000. Finally, Root Financial Partners LLC increased its holdings in Rollins by 47.3% in the fourth quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock valued at $47,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 0.2%

NYSE ROL opened at $47.18 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $22.72 billion, a P/E ratio of 43.29, a P/E/G ratio of 2.90 and a beta of 0.73. Rollins, Inc. has a 52-week low of $44.43 and a 52-week high of $66.14. The firm has a 50-day moving average price of $53.11 and a 200 day moving average price of $57.64.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, May 11th. Rollins’s payout ratio is presently 66.97%.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

Analyst Ratings Changes

A number of research firms have weighed in on ROL. Weiss Ratings cut Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. Morgan Stanley set a $70.00 price target on shares of Rollins in a research note on Friday, February 13th. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Bank of America started coverage on shares of Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Get Our Latest Analysis on Rollins

About Rollins

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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