Oppenheimer Asset Management Inc. Trims Stake in Rollins, Inc. $ROL

Key Points

• Oppenheimer Asset Management cut its stake in Rollins by 19.7%, selling 32,947 shares and now holding 134,063 shares valued at about $8.05 million, while institutional investors own roughly 51.8% of the stock and insiders 5.77%.
• Rollins reported quarterly EPS of $0.24 (in line) and revenue of $906.42 million (a beat), with revenue up 10.2% year-over-year, announced a $0.1825 quarterly dividend (1.3% yield), and carries a consensus analyst rating of Moderate Buy with an average target of $65.27.

Oppenheimer Asset Management Inc. cut its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,063 shares of the business services provider's stock after selling 32,947 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Rollins were worth $8,046,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new position in Rollins during the 3rd quarter worth $1,739,000. Jefferies Financial Group Inc. grew its stake in Rollins by 607.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider's stock worth $4,696,000 after purchasing an additional 68,647 shares in the last quarter. National Pension Service grew its stake in Rollins by 353.2% during the 3rd quarter. National Pension Service now owns 21,519 shares of the business services provider's stock worth $1,264,000 after purchasing an additional 16,771 shares in the last quarter. Federated Hermes Inc. grew its stake in Rollins by 40.9% during the 3rd quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider's stock worth $63,866,000 after purchasing an additional 315,456 shares in the last quarter. Finally, Dakota Wealth Management grew its stake in Rollins by 19.2% during the 3rd quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider's stock worth $9,803,000 after purchasing an additional 26,867 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROL. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They set a "hold" rating and a $56.00 target price for the company. Bank of America initiated coverage on Rollins in a research report on Tuesday, February 17th. They set a "buy" rating and a $67.00 price objective for the company. UBS Group upped their price objective on Rollins from $58.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a "hold" rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company set a $56.00 price objective on Rollins and gave the stock an "equal weight" rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.27.

Rollins Stock Down 1.6%

ROL opened at $54.84 on Friday. The business has a 50 day moving average price of $55.81 and a two-hundred day moving average price of $58.60. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $26.40 billion, a PE ratio of 50.31, a P/E/G ratio of 3.43 and a beta of 0.79. Rollins, Inc. has a 52 week low of $52.32 and a 52 week high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $906.42 million for the quarter, compared to analysts' expectations of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. As a group, research analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, May 11th. Rollins's dividend payout ratio is 66.97%.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 14,201 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the sale, the insider owned 55,977 shares in the company, valued at approximately $3,322,794.72. This represents a 20.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.77% of the company's stock.

Rollins Company Profile

Rollins, Inc NYSE: ROL is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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