Rollins, Inc. $ROL Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its position in Rollins, Inc. (NYSE:ROL) by 19.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,242,585 shares of the business services provider’s stock after selling 303,128 shares during the period. Rollins makes up 1.6% of Riverbridge Partners LLC’s holdings, making the stock its 17th largest position. Riverbridge Partners LLC’s holdings in Rollins were worth $66,366,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. National Pension Service raised its holdings in shares of Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after purchasing an additional 29,758 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in Rollins during the third quarter valued at approximately $1,739,000. Jefferies Financial Group Inc. boosted its holdings in Rollins by 607.7% during the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after buying an additional 68,647 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Rollins by 52.1% during the fourth quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock worth $51,363,000 after buying an additional 292,062 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after buying an additional 594,735 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ROL shares. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Wells Fargo & Company reduced their price objective on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Weiss Ratings cut Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. UBS Group boosted their target price on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 target price on shares of Rollins in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.71.

Rollins Price Performance

ROL opened at $44.70 on Wednesday. The stock has a fifty day moving average of $51.28 and a 200-day moving average of $56.42. The firm has a market capitalization of $21.52 billion, a P/E ratio of 41.01, a PEG ratio of 2.73 and a beta of 0.73. Rollins, Inc. has a 12-month low of $44.09 and a 12-month high of $66.14. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter last year, the firm posted $0.22 earnings per share. Rollins’s revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.