Cambridge Investment Research Advisors Inc. Sells 6,758 Shares of Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on Sep 30th, 2023

Cambridge Investment Research Advisors Inc. cut its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,327 shares of the business services provider’s stock after selling 6,758 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Rollins were worth $2,541,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. lifted its stake in shares of Rollins by 1.4% in the 2nd quarter. Contravisory Investment Management Inc. now owns 16,948 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 233 shares during the period. abrdn plc lifted its position in Rollins by 0.3% during the first quarter. abrdn plc now owns 89,625 shares of the business services provider’s stock valued at $3,364,000 after buying an additional 256 shares during the period. Thrivent Financial for Lutherans lifted its position in Rollins by 2.7% during the third quarter. Thrivent Financial for Lutherans now owns 9,871 shares of the business services provider’s stock valued at $342,000 after buying an additional 258 shares during the period. NewEdge Wealth LLC lifted its position in Rollins by 0.6% during the first quarter. NewEdge Wealth LLC now owns 49,178 shares of the business services provider’s stock valued at $1,846,000 after buying an additional 283 shares during the period. Finally, ETF Managers Group LLC lifted its position in Rollins by 1.5% during the first quarter. ETF Managers Group LLC now owns 20,720 shares of the business services provider’s stock valued at $778,000 after buying an additional 309 shares during the period. 38.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROL has been the subject of several recent research reports. StockNews.com initiated coverage on Rollins in a research report on Thursday, August 17th. They set a “hold” rating for the company. Bank of America started coverage on Rollins in a research note on Wednesday, July 5th. They set a “buy” rating and a $49.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.57.

Check Out Our Latest Report on ROL

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the completion of the sale, the insider now owns 164,581,449 shares in the company, valued at approximately $5,659,956,031.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $38.00, for a total transaction of $266,000.00. Following the completion of the transaction, the chief executive officer now directly owns 225,091 shares of the company’s stock, valued at $8,553,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $34.39, for a total transaction of $1,530,692,503.46. Following the transaction, the insider now directly owns 164,581,449 shares of the company’s stock, valued at $5,659,956,031.11. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $37.33 on Friday. Rollins, Inc. has a 1 year low of $34.29 and a 1 year high of $45.04. The company has a market cap of $18.40 billion, a P/E ratio of 47.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.75. The stock’s fifty day moving average price is $39.41 and its 200-day moving average price is $40.13.

Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $820.75 million during the quarter, compared to analysts’ expectations of $804.93 million. Rollins had a return on equity of 31.00% and a net margin of 13.60%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. On average, equities analysts forecast that Rollins, Inc. will post 0.86 earnings per share for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 9th. Rollins’s dividend payout ratio is currently 65.82%.

Rollins Profile

(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.