Amalgamated Bank Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Amalgamated Bank raised its stake in Rollins, Inc. (NYSE:ROL) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,206 shares of the business services provider’s stock after purchasing an additional 7,248 shares during the quarter. Amalgamated Bank’s holdings in Rollins were worth $3,349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. boosted its stake in shares of Rollins by 4.7% in the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after buying an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its stake in shares of Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after buying an additional 212 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after buying an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROL has been the topic of a number of analyst reports. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.83.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.69% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $50.18 on Friday. Rollins, Inc. has a fifty-two week low of $37.61 and a fifty-two week high of $51.96. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 52.27 and a beta of 0.70. The business has a fifty day moving average of $49.52 and a 200-day moving average of $48.48. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio is presently 68.75%.

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.