Sequoia Financial Advisors LLC Acquires Shares of 11,216 Rollins, Inc. $ROL

Sequoia Financial Advisors LLC acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,216 shares of the business services provider's stock, valued at approximately $633,000.

Several other institutional investors have also recently bought and sold shares of the business. Yousif Capital Management LLC raised its position in Rollins by 41.7% in the 2nd quarter. Yousif Capital Management LLC now owns 47,342 shares of the business services provider's stock valued at $2,671,000 after purchasing an additional 13,921 shares during the last quarter. MGO One Seven LLC raised its position in Rollins by 1,117.2% in the 2nd quarter. MGO One Seven LLC now owns 70,207 shares of the business services provider's stock valued at $3,961,000 after purchasing an additional 64,439 shares during the last quarter. CWM LLC raised its position 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. Vanguard Personalized Indexing Management LLC raised its position 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. Finally, Concurrent Investment Advisors LLC raised its position in Rollins by 3.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,632 shares of the business services provider's stock valued at $1,841,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale 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 Up 1.1%

Shares of Rollins stock opened at $55.85 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The business has a fifty day simple moving average of $57.05 and a 200 day simple moving average of $56.51. The stock has a market cap of $27.07 billion, a PE ratio of 55.30 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins's payout ratio is 65.35%.

Wall Street Analyst Weigh In

ROL has been the subject of a number of recent research reports. UBS Group boosted their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Barclays boosted their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on Rollins in a research report on Friday, September 26th. They set an "overweight" rating and a $70.00 target price for the company. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.18.

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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