UBS Asset Management Americas Inc. Has $44.78 Million Holdings in Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on Mar 14th, 2023

UBS Asset Management Americas Inc. increased its stake in Rollins, Inc. (NYSE:ROL – Get Rating) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,291,345 shares of the business services provider’s stock after buying an additional 94,412 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.26% of Rollins worth $44,784,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Utah Retirement Systems raised its stake in Rollins by 1.0% in the 3rd quarter. Utah Retirement Systems now owns 41,518 shares of the business services provider’s stock valued at $1,440,000 after acquiring an additional 400 shares during the period. Vanguard Group Inc. raised its stake in Rollins by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 26,193,632 shares of the business services provider’s stock valued at $908,396,000 after acquiring an additional 380,254 shares during the period. Pathstone Family Office LLC raised its stake in Rollins by 12.1% in the 3rd quarter. Pathstone Family Office LLC now owns 27,172 shares of the business services provider’s stock valued at $942,000 after acquiring an additional 2,927 shares during the period. Pearl River Capital LLC raised its stake in Rollins by 99.4% in the 3rd quarter. Pearl River Capital LLC now owns 13,754 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 6,856 shares during the period. Finally, Quadrature Capital Ltd raised its stake in Rollins by 100.9% in the 3rd quarter. Quadrature Capital Ltd now owns 13,631 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 6,847 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.

Rollins Stock Up 1.1 %

ROL stock opened at $35.04 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 47.35 and a beta of 0.65. The business’s fifty day moving average price is $35.96 and its two-hundred day moving average price is $37.12. 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 posted its quarterly earnings data on Wednesday, February 15th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $661.40 million for the quarter, compared to analysts’ expectations of $661.44 million. Rollins had a return on equity of 30.92% and a net margin of 13.53%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. On average, equities analysts anticipate that Rollins, Inc. will post 0.8 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, February 9th. Rollins’s payout ratio is currently 70.27%.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 2,129 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $36.57, for a total value of $77,857.53. Following the transaction, the insider now 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 can be accessed through the SEC website. 53.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Rollins 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.