Atria Investments Inc Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Atria Investments Inc grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 15.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,782 shares of the business services provider's stock after acquiring an additional 24,659 shares during the period. Atria Investments Inc's holdings in Rollins were worth $10,200,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Rollins in the 1st quarter worth approximately $225,000. Oppenheimer & Co. Inc. bought a new position in Rollins in the 1st quarter worth $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Rollins by 305.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after acquiring an additional 120,294 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROL has been the topic of several recent research reports. Argus initiated coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group raised their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Piper Sandler raised their price target on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Performance

ROL stock traded up $0.00 during midday trading on Friday, hitting $58.03. 2,051,150 shares of the stock traded hands, compared to its average volume of 1,641,467. The stock's fifty day simple moving average is $56.59 and its 200-day simple moving average is $53.63. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The firm has a market cap of $28.12 billion, a P/E ratio of 57.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.81.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio is currently 66.67%.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the sale, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,921 shares of company stock valued at $4,120,613 in the last quarter. 4.47% of the stock is owned by insiders.

Rollins 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.