Truist Financial Corp Acquires 36,769 Shares of Rollins, Inc. $ROL

Key Points

• Truist Financial Corp increased its stake in Rollins by 9.7%, acquiring 36,769 shares to hold 414,060 shares worth about $24.85 million (roughly 0.09% of the company).
• Rollins beat revenue estimates with $906.4M (up 10.2% YoY) and reported EPS of $0.24 in line with expectations; analysts have a "Moderate Buy" consensus and an average target price of $65.27.
• Rollins declared a quarterly dividend of $0.1825 per share (annualized $0.73, yield 1.3%), with an ex-dividend date of May 11 and payment on June 10.

Truist Financial Corp grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,060 shares of the business services provider's stock after acquiring an additional 36,769 shares during the quarter. Truist Financial Corp owned about 0.09% of Rollins worth $24,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirabella Financial Services LLP bought a new position in shares of Rollins in the 3rd quarter worth $1,739,000. Jefferies Financial Group Inc. raised its position in shares of Rollins by 607.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider's stock valued at $4,696,000 after buying an additional 68,647 shares in the last quarter. National Pension Service lifted its holdings in shares of 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 acquiring an additional 16,771 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of 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 acquiring an additional 315,456 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Rollins by 19.2% in the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider's stock worth $9,803,000 after acquiring an additional 26,867 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ROL. Royal Bank Of Canada set a $67.00 target price on Rollins and gave the company an "outperform" rating in a research note on Thursday, February 12th. UBS Group upped their price objective on Rollins from $58.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the company a "hold" rating in a research report on Friday, April 24th. Morgan Stanley set a $70.00 price objective on Rollins in a report on Friday, February 13th. Finally, Loop Capital began coverage on Rollins in a research report on Monday, April 13th. They issued a "hold" rating and a $56.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average target price of $65.27.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 14,201 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 55,977 shares in the company, valued at $3,322,794.72. This trade represents a 20.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.77% of the stock is currently owned by insiders.

Rollins Price Performance

Shares of NYSE:ROL opened at $54.23 on Thursday. 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 stock has a market cap of $26.11 billion, a PE ratio of 49.75, a PEG ratio of 3.33 and a beta of 0.79. The company's fifty day moving average is $55.54 and its 200 day moving average is $58.60. 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 posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. During the same period in the prior year, the business posted $0.22 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Announces Dividend

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

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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