Rollins, Inc. (NYSE:ROL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 509,862 shares of the business services provider’s stock after selling 687,036 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Rollins worth $25,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROL. Quest Partners LLC acquired a new position in Rollins during the second quarter worth $33,000. Ridgewood Investments LLC acquired a new position in Rollins during the 2nd quarter worth about $34,000. Quent Capital LLC boosted its holdings in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 921 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Rollins by 114.2% during the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock worth $74,000 after purchasing an additional 855 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROL shares. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.80.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,056 shares of company stock valued at $698,347. Corporate insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.4 %

Shares of NYSE:ROL opened at $49.75 on Thursday. Rollins, Inc. has a 52 week low of $32.94 and a 52 week high of $51.96. The company’s 50 day moving average is $49.98 and its two-hundred day moving average is $48.14. The company has a market cap of $24.09 billion, a PE ratio of 55.90 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities analysts predict that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is presently 67.42%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.