Adage Capital Partners GP L.L.C. Lowers Stock Position in Rollins, Inc. $ROL

Adage Capital Partners GP L.L.C. lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 86.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,350 shares of the business services provider's stock after selling 226,100 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Rollins were worth $1,964,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ROL. City Holding Co. purchased a new stake in Rollins during the first quarter valued at about $27,000. GW&K Investment Management LLC lifted its holdings in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC lifted its holdings in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the last quarter. National Pension Service lifted its holdings in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after purchasing an additional 462 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in Rollins during the first quarter valued at about $63,000. Institutional investors own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ROL shares. Piper Sandler upped their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective on the stock. Barclays upped their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Price Performance

Shares of Rollins stock traded down $0.79 on Friday, reaching $57.43. The stock had a trading volume of 1,806,469 shares, compared to its average volume of 1,299,617. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company has a market cap of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The business's 50 day moving average is $56.97 and its two-hundred day moving average is $55.69.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.47% of the stock is owned by corporate insiders.

About Rollins

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.