Mutual Advisors LLC Sells 1,133 Shares of Rollins, Inc. $ROL

Mutual Advisors LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 21.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,052 shares of the business services provider’s stock after selling 1,133 shares during the quarter. Mutual Advisors LLC’s holdings in Rollins were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Generali Asset Management SPA SGR bought a new stake in shares of Rollins in the second quarter valued at approximately $1,710,000. Harbour Investments Inc. boosted its position in shares of Rollins by 139.0% in the second quarter. Harbour Investments Inc. now owns 3,774 shares of the business services provider’s stock valued at $213,000 after acquiring an additional 2,195 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Rollins by 9.2% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 220 shares during the period. Moran Wealth Management LLC lifted its position in Rollins by 1,332.3% in the second quarter. Moran Wealth Management LLC now owns 211,648 shares of the business services provider’s stock worth $11,941,000 after purchasing an additional 196,871 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in Rollins during the second quarter worth $236,000. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction 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 directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average target price of $62.18.

Rollins Stock Up 0.5%

Shares of NYSE ROL opened at $56.33 on Wednesday. The stock has a market cap of $27.30 billion, a PE ratio of 55.77 and a beta of 0.69. The business has a fifty day moving average of $56.97 and a two-hundred day moving average of $56.54. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. As a group, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

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.