OneAscent Financial Services LLC Grows Position in Rollins, Inc. (NYSE:ROL)

OneAscent Financial Services LLC grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 76.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,402 shares of the business services provider's stock after purchasing an additional 9,681 shares during the quarter. OneAscent Financial Services LLC's holdings in Rollins were worth $1,214,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. purchased a new stake in shares of Rollins during the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter valued at approximately $29,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter valued at approximately $37,000. CVA Family Office LLC boosted its stake in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the period. Finally, Colonial Trust Co SC boosted its stake in shares of Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated 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 directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated 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 in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ROL. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. UBS Group raised their price target on Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Barclays raised their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Finally, Argus began coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Price Performance

Shares of NYSE:ROL opened at $55.81 on Monday. The business has a fifty day moving average price of $56.54 and a 200-day moving average price of $53.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market capitalization of $27.05 billion, a PE ratio of 56.37 and a beta of 0.75. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same period in the prior year, the firm posted $0.20 EPS. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's dividend payout ratio (DPR) is 66.67%.

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.

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