First Trust Advisors LP Has $13.87 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Posted by on Mar 11th, 2023

First Trust Advisors LP lifted its position in Rollins, Inc. (NYSE:ROL – Get Rating) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,845 shares of the business services provider’s stock after buying an additional 48,167 shares during the period. First Trust Advisors LP owned about 0.08% of Rollins worth $13,867,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ROL. Durable Capital Partners LP bought a new stake in shares of Rollins in the 1st quarter valued at $61,799,000. BlackRock Inc. increased its holdings in Rollins by 2.2% during the 3rd quarter. BlackRock Inc. now owns 28,845,724 shares of the business services provider’s stock worth $1,000,370,000 after purchasing an additional 620,048 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Rollins by 33.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,304,150 shares of the business services provider’s stock worth $79,906,000 after purchasing an additional 581,489 shares in the last quarter. Covea Finance bought a new position in Rollins during the 3rd quarter worth about $17,074,000. Finally, Riverbridge Partners LLC increased its holdings in Rollins by 14.3% during the 3rd quarter. Riverbridge Partners LLC now owns 3,586,595 shares of the business services provider’s stock worth $124,383,000 after purchasing an additional 448,827 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $34.67 on Friday. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 46.85 and a beta of 0.65. The business has a 50-day moving average of $35.99 and a 200-day moving average of $37.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.65. Rollins, Inc. has a fifty-two week low of $31.43 and a fifty-two week high of $43.06.

Rollins (NYSE:ROL – Get Rating) last issued its earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The business had revenue of $661.40 million during the quarter, compared to the consensus estimate of $661.44 million. During the same period last year, the business posted $0.14 EPS. Rollins’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Rollins, Inc. will post 0.8 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were paid a $0.13 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.52 annualized dividend and a yield of 1.50%. Rollins’s dividend payout ratio (DPR) is currently 70.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Redburn Partners assumed coverage on Rollins in a report on Wednesday, February 1st. They set a “buy” rating and a $62.00 target price for the company. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Rollins presently has an average rating of “Hold” and a consensus price target of $44.25.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 2,129 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $36.57, for a total transaction of $77,857.53. Following the completion of the sale, the insider now directly owns 96,960 shares in the company, valued at $3,545,827.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 53.10% of the stock is currently owned by company insiders.

Rollins Company Profile

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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