Amundi Lowers Stock Holdings in Rollins, Inc. $ROL

Amundi lessened its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 31.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,080,326 shares of the business services provider's stock after selling 485,262 shares during the quarter. Amundi owned approximately 0.22% of Rollins worth $57,700,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock valued at $1,663,000 after acquiring an additional 1,620 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider's stock worth $347,000 after acquiring an additional 918 shares during the last quarter. Woodline Partners LP grew its holdings in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock valued at $1,282,000 after purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. grew its holdings in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock valued at $47,000 after purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP increased its position in Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider's stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Bank of America restated a "neutral" rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. Citigroup initiated coverage on Rollins in a research report on Wednesday, July 15th. They issued a "neutral" rating and a $46.00 target price on the stock. Piper Sandler reduced their target price on Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Finally, Loop Capital assumed coverage on Rollins in a research report on Monday, April 13th. They set a "hold" rating and a $56.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Rollins currently has an average rating of "Hold" and a consensus target price of $48.71.

Rollins Trading Up 0.3%

Shares of ROL opened at $38.09 on Monday. The stock's 50-day moving average is $44.61 and its two-hundred day moving average is $52.97. The stock has a market cap of $18.33 billion, a PE ratio of 34.62, a P/E/G ratio of 4.11 and a beta of 0.75. Rollins, Inc. has a 12 month low of $36.59 and a 12 month high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company earned $0.30 EPS. Rollins's quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Rollins, Inc. will post 1.2 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 10th. Rollins's payout ratio is presently 66.36%.

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.

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