Allspring Global Investments Holdings LLC Buys 95,626 Shares of Rollins, Inc. (NYSE:ROL)

Allspring Global Investments Holdings LLC lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,095,671 shares of the business services provider's stock after buying an additional 95,626 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of Rollins worth $59,561,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ROL. Bank Pictet & Cie Europe AG boosted its stake in Rollins by 6.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock valued at $3,061,000 after purchasing an additional 4,100 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Rollins by 55.2% during the fourth quarter. IFP Advisors Inc now owns 5,341 shares of the business services provider's stock valued at $248,000 after purchasing an additional 1,900 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock valued at $103,471,000 after purchasing an additional 164,720 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider's stock valued at $1,752,000 after buying an additional 274 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Rollins by 2.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 114,200 shares of the business services provider's stock worth $5,293,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Transactions at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares of the company's stock, valued at $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,842 shares of company stock worth $2,480,861. Insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of ROL stock traded up $0.32 during trading hours on Monday, reaching $56.49. 2,351,168 shares of the company traded hands, compared to its average volume of 1,760,668. The firm has a 50-day moving average price of $56.63 and a 200 day moving average price of $52.50. The company has a market cap of $27.38 billion, a P/E ratio of 57.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. Rollins's payout ratio is presently 66.67%.

Analysts Set New Price Targets

Several research firms have issued reports on ROL. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Wells Fargo & Company restated an "overweight" rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Royal Bank Of Canada raised their price target on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.78.

Rollins Company Profile

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.