OneAscent Wealth Management LLC Acquires Shares of 4,948 Rollins, Inc. (NYSE:ROL)

OneAscent Wealth Management LLC bought a new position in Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,948 shares of the business services provider’s stock, valued at approximately $250,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Rollins by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after buying an additional 206,873 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after acquiring an additional 148,316 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Rollins by 4.9% in the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Rollins by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after purchasing an additional 172,009 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in Rollins by 9.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,851,650 shares of the business services provider’s stock worth $85,676,000 after purchasing an additional 162,989 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.83.

Rollins Stock Up 0.3 %

ROL opened at $50.05 on Tuesday. The stock’s fifty day moving average is $49.56 and its 200-day moving average is $48.73. Rollins, Inc. has a one year low of $39.20 and a one year high of $52.16. The company has a market capitalization of $24.24 billion, a PE ratio of 52.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Rollins’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities analysts predict that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a yield of 1.32%. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.69% of the stock is owned by corporate insiders.

About Rollins

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.