Apollon Wealth Management LLC Raises Stock Position in Rollins, Inc. $ROL

Apollon Wealth Management LLC raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 35.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,633 shares of the business services provider’s stock after acquiring an additional 47,719 shares during the quarter. Apollon Wealth Management LLC’s holdings in Rollins were worth $9,754,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. LRI Investments LLC lifted its holdings in Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after purchasing an additional 183 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Rollins by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 200 shares in the last quarter. Inspire Investing LLC increased its holdings in Rollins by 3.9% in the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 203 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in Rollins by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 18,288 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 221 shares during the last quarter. Finally, Keel Point LLC lifted its stake in Rollins by 5.4% in the 2nd quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock worth $262,000 after purchasing an additional 238 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ROL shares. Loop Capital assumed coverage on shares of Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Weiss Ratings lowered Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price objective on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.07.

Rollins Stock Performance

Rollins stock opened at $43.21 on Monday. The company’s 50-day moving average price is $50.61 and its 200-day moving average price is $56.06. 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 company has a market cap of $20.81 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. Rollins, Inc. has a twelve month low of $42.61 and a twelve month high of $66.14.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. On average, equities research analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were given a $0.1825 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Rollins Company 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.