Invesco Ltd. Sells 258,739 Shares of Rollins, Inc. (NYSE:ROL)

Invesco Ltd. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,008,321 shares of the business services provider's stock after selling 258,739 shares during the period. Invesco Ltd. owned about 0.83% of Rollins worth $216,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after acquiring an additional 999,797 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after purchasing an additional 322,610 shares during the period. Marshall Wace LLP boosted its stake in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Rollins by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,333 shares of the business services provider's stock valued at $116,774,000 after purchasing an additional 260,223 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Rollins by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock valued at $124,331,000 after purchasing an additional 49,871 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Down 0.2%

ROL stock traded down $0.09 on Friday, reaching $57.33. The company's stock had a trading volume of 1,150,260 shares, compared to its average volume of 1,653,275. The business has a fifty day simple moving average of $56.76 and a two-hundred day simple moving average of $54.80. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.10. The firm has a market cap of $27.78 billion, a PE ratio of 56.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Canaccord Genuity Group increased their price objective on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Piper Sandler increased their price objective on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, UBS Group increased their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.47% of the company's stock.

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.