Rollins, Inc. $ROL Shares Sold by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Rollins, Inc. by 18.8%, selling 5,892 shares, now holding 25,437 shares valued at approximately $1.435 million.
• Several analysts have updated their ratings and price targets for Rollins, with Barclays raising the price target to $60.00 and JPMorgan Chase setting a target of $70.00.
• Rollins recently announced a quarterly dividend of $0.165 per share, yielding approximately 1.2%, with a payout ratio of 65.35%.

Envestnet Portfolio Solutions Inc. trimmed its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 18.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,437 shares of the business services provider's stock after selling 5,892 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Rollins were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of Rollins in the 2nd quarter worth $633,000. Yousif Capital Management LLC increased its position in Rollins by 41.7% during the second quarter. Yousif Capital Management LLC now owns 47,342 shares of the business services provider's stock worth $2,671,000 after purchasing an additional 13,921 shares during the last quarter. MGO One Seven LLC raised its stake in Rollins by 1,117.2% during the second quarter. MGO One Seven LLC now owns 70,207 shares of the business services provider's stock worth $3,961,000 after purchasing an additional 64,439 shares during the period. CWM LLC boosted its holdings in Rollins by 81.4% in the 2nd quarter. CWM LLC now owns 29,329 shares of the business services provider's stock valued at $1,655,000 after purchasing an additional 13,162 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Rollins by 20.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 47,188 shares of the business services provider's stock valued at $2,663,000 after purchasing an additional 8,043 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Rollins in a research note on Friday, September 26th. They issued an "overweight" rating and a $70.00 price target on the stock. Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler boosted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.18.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the 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 sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Performance

NYSE ROL opened at $55.85 on Friday. 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 company has a market cap of $27.07 billion, a P/E ratio of 55.30 and a beta of 0.69. The stock has a 50-day moving average of $57.05 and a two-hundred day moving average of $56.50. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12.

Rollins (NYSE:ROL - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. As a group, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 11th. Rollins's payout ratio 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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