New Age Alpha Advisors LLC Decreases Stake in Rollins, Inc. (NYSE:ROL)

New Age Alpha Advisors LLC lowered its position in Rollins, Inc. (NYSE:ROL - Free Report) by 65.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,750 shares of the business services provider's stock after selling 123,692 shares during the period. New Age Alpha Advisors LLC's holdings in Rollins were worth $3,498,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $1,353,000 after acquiring an additional 2,574 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Rollins by 56.4% in the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after acquiring an additional 2,254 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Rollins in the first quarter worth $225,000. Oppenheimer & Co. Inc. bought a new stake in Rollins during the first quarter valued at about $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares during the period. Institutional investors own 51.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ROL shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. 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. Canaccord Genuity Group increased their price target on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, Piper Sandler increased their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Four equities research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction dated 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 in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 71,921 shares of company stock valued at $4,120,613 in the last quarter. Company insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of ROL stock opened at $58.13 on Wednesday. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 57.56 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The business has a fifty day moving average of $56.69 and a 200 day moving average of $54.28. Rollins, Inc. has a 1 year low of $45.34 and a 1 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 (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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. As a group, research 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. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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.

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