Vestmark Advisory Solutions Inc. Increases Stake in Rollins, Inc. (NYSE:ROL)

Vestmark Advisory Solutions Inc. boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 78,533 shares of the business services provider’s stock after purchasing an additional 2,438 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Rollins were worth $3,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ROL. Vanguard Group Inc. boosted its holdings in shares of Rollins by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after acquiring an additional 5,041,371 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 40.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after purchasing an additional 2,682,017 shares during the period. Invesco Ltd. lifted its stake in shares of Rollins by 18.4% in the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock worth $149,033,000 after purchasing an additional 620,179 shares during the period. Northern Trust Corp raised its stake in Rollins by 10.9% during the 3rd quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock worth $118,172,000 after acquiring an additional 312,274 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Rollins by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,200,424 shares of the business services provider’s stock worth $82,142,000 after acquiring an additional 363,386 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of Rollins stock traded up $1.38 on Friday, hitting $46.12. 1,947,294 shares of the company traded hands, compared to its average volume of 2,000,080. The stock has a market capitalization of $22.33 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 3.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $47.45. The business has a 50-day simple moving average of $44.88 and a 200 day simple moving average of $42.42.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Research analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ROL shares. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Morgan Stanley raised their target price on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Thursday, February 15th. Finally, UBS Group restated a “neutral” rating and set a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Activity at Rollins

In related news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the transaction, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,824 shares of company stock valued at $1,219,558. 4.69% of the stock is owned by corporate insiders.

Rollins 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.