Victory Capital Management Inc. Has $12.09 Million Holdings in Rollins, Inc. (NYSE:ROL)

Victory Capital Management Inc. trimmed its position in Rollins, Inc. (NYSE:ROL - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,830 shares of the business services provider's stock after selling 7,938 shares during the quarter. Victory Capital Management Inc.'s holdings in Rollins were worth $12,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after acquiring an additional 2,574 shares during the period. Farther Finance Advisors LLC grew its position in shares of Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Rollins in the 1st quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new position in Rollins during the 1st quarter worth $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after purchasing an additional 120,294 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of ROL stock traded up $0.00 during trading hours on Friday, hitting $58.03. The stock had a trading volume of 2,051,150 shares, compared to its average volume of 1,921,432. 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 stock's 50 day moving average is $56.59 and its 200 day moving average is $53.63. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The firm has a market capitalization of $28.12 billion, a PE ratio of 57.46 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly 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 firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 37.72% and a net margin of 13.70%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. As a group, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective on the stock. UBS Group boosted their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Rollins presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the transaction, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,921 shares of company stock worth $4,120,613 over the last ninety days. 4.47% of the stock is owned by insiders.

Rollins Company 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.