State of Alaska Department of Revenue Reduces Holdings in Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on Jun 30th, 2023

State of Alaska Department of Revenue trimmed its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,417 shares of the business services provider’s stock after selling 500 shares during the quarter. State of Alaska Department of Revenue’s holdings in Rollins were worth $4,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Covea Finance boosted its stake in Rollins by 11.6% during the first quarter. Covea Finance now owns 646,550 shares of the business services provider’s stock worth $24,265,000 after buying an additional 67,100 shares during the period. AE Wealth Management LLC lifted its position in shares of Rollins by 70.9% during the first quarter. AE Wealth Management LLC now owns 49,787 shares of the business services provider’s stock worth $1,868,000 after purchasing an additional 20,652 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Rollins by 1.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 222,197 shares of the business services provider’s stock worth $8,339,000 after purchasing an additional 3,881 shares during the last quarter. Raymond James & Associates lifted its position in shares of Rollins by 1.4% during the first quarter. Raymond James & Associates now owns 876,175 shares of the business services provider’s stock worth $32,883,000 after purchasing an additional 11,913 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Rollins by 12.9% during the first quarter. HB Wealth Management LLC now owns 16,233 shares of the business services provider’s stock worth $609,000 after purchasing an additional 1,860 shares during the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other Rollins news, Vice Chairman John F. Wilson sold 40,499 shares of Rollins stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $42.45, for a total value of $1,719,182.55. Following the transaction, the insider now owns 743,992 shares in the company, valued at $31,582,460.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Timothy Curtis Rollins sold 17,982 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.42, for a total transaction of $744,814.44. Following the sale, the insider now owns 138,964 shares in the company, valued at $5,755,888.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman John F. Wilson sold 40,499 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $42.45, for a total value of $1,719,182.55. Following the sale, the insider now owns 743,992 shares in the company, valued at approximately $31,582,460.40. The disclosure for this sale can be found here. Insiders have sold 70,481 shares of company stock worth $2,953,357 over the last quarter. Insiders own 4.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROL. Stifel Nicolaus lifted their target price on Rollins from $37.00 to $40.00 in a research report on Friday, April 28th. UBS Group started coverage on Rollins in a research report on Wednesday, May 31st. They set a “buy” rating and a $48.00 target price for the company. Finally, StockNews.com started coverage on Rollins in a report on Thursday, May 18th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.17.

Rollins Stock Performance

ROL stock opened at $42.50 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.72. The business has a 50-day moving average price of $41.07 and a 200 day moving average price of $38.21. The company has a market capitalization of $20.94 billion, a P/E ratio of 55.19 and a beta of 0.66. Rollins, Inc. has a 1-year low of $33.38 and a 1-year high of $43.06.

Rollins (NYSE:ROL – Free Report) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Rollins had a return on equity of 31.07% and a net margin of 13.77%. The firm had revenue of $658.02 million during the quarter, compared to the consensus estimate of $643.78 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Rollins, Inc. will post 0.85 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Wednesday, May 10th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.52 annualized dividend and a yield of 1.22%. Rollins’s dividend payout ratio (DPR) is presently 67.53%.

About Rollins

(Free Report)

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.