Securian Asset Management Inc. Buys 455 Shares of Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on Apr 26th, 2023

Securian Asset Management Inc. grew its stake in Rollins, Inc. (NYSE:ROL – Get Rating) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,493 shares of the business services provider’s stock after acquiring an additional 455 shares during the period. Securian Asset Management Inc.’s holdings in Rollins were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ROL. Markel Corp raised its stake in shares of Rollins by 0.4% in the first quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock worth $43,752,000 after acquiring an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rollins by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 228,203 shares of the business services provider’s stock worth $7,999,000 after buying an additional 10,319 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Rollins by 19.1% during the first quarter. American Century Companies Inc. now owns 17,031 shares of the business services provider’s stock worth $597,000 after buying an additional 2,730 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Rollins by 4.7% during the first quarter. HighTower Advisors LLC now owns 49,502 shares of the business services provider’s stock worth $1,731,000 after buying an additional 2,243 shares during the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Rollins by 24.3% during the first quarter. Natixis Advisors L.P. now owns 46,760 shares of the business services provider’s stock worth $1,639,000 after buying an additional 9,129 shares during the last quarter. 38.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ROL. Redburn Partners began coverage on shares of Rollins in a research note on Wednesday, February 1st. They set a “buy” rating and a $62.00 price target for the company. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 2,129 shares of the company’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 value of $77,857.53. Following the completion of the transaction, the insider now owns 96,960 shares in the company, valued at $3,545,827.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.70% of the company’s stock.

Rollins Stock Down 0.5 %

Shares of NYSE ROL opened at $39.72 on Wednesday. The stock has a market cap of $19.57 billion, a P/E ratio of 53.68 and a beta of 0.66. The firm has a 50 day moving average price of $36.91 and a 200 day moving average price of $37.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.65 and a current ratio of 0.71. Rollins, Inc. has a 52-week low of $31.43 and a 52-week high of $43.06.

Rollins (NYSE:ROL – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $661.40 million during the quarter, compared to analysts’ expectations of $661.44 million. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Analysts expect that Rollins, Inc. will post 0.81 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 10th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.31%. Rollins’s dividend payout ratio is currently 70.27%.

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.