Federated Hermes Inc. Invests $3.11 Million in Rollins, Inc. (NYSE:ROL)

Federated Hermes Inc. acquired a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 57,571 shares of the business services provider's stock, valued at approximately $3,111,000.

Several other hedge funds have also recently modified their holdings of ROL. Bank Pictet & Cie Europe AG raised its stake in shares of Rollins by 6.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock valued at $3,061,000 after buying an additional 4,100 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Rollins by 13.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 9,675 shares of the business services provider's stock worth $448,000 after buying an additional 1,149 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Rollins by 31.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,612 shares of the business services provider's stock worth $770,000 after purchasing an additional 3,977 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Rollins by 23.0% in the 4th quarter. Franklin Resources Inc. now owns 213,928 shares of the business services provider's stock worth $9,916,000 after acquiring an additional 39,985 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Rollins by 425.1% in the 4th quarter. Headlands Technologies LLC now owns 1,402 shares of the business services provider's stock valued at $65,000 after acquiring an additional 1,135 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ROL shares. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Royal Bank Of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised 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 seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Trading Up 0.3%

ROL traded up $0.19 on Wednesday, reaching $58.31. 1,470,494 shares of the company traded hands, compared to its average volume of 1,905,828. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.26 billion, a P/E ratio of 57.74 and a beta of 0.69. The firm has a fifty day simple moving average of $56.69 and a two-hundred day simple moving average of $54.28. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.96.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 11th. Rollins's payout ratio is 65.35%.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,921 shares of company stock valued at $4,120,613 in the last three months. 4.47% of the stock is currently 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.